Delta Corp - VCP Pattern forming?Leading company in casino business.
Good Q2, with visibility of cash flows ahead.
Risks from an impending court matter over Daman casino.
Good capex plans for future to start another Vessel by Q3 of next FY.
Volumes are tightly squeezed in the right part of the pivot forming area, and an inside candle, or a breakout candle can be a good entry point, as even a small volume thrust can cause prices to move upward after long dry volume spell.
DELTACORP trade ideas
Delta Corp - Bullish on Chart📊 Script: DELTACORP (DELTA CORP LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY500
📊 Sector: Consumer Services
📊 Industry: Leisure Services / Amusement Parks/ Other Recreation
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Also Crossover in Double Moving Averages.
📈 Volume is increasing along with price.
📈 Script is moving towards resistance level which is around 240 if script is breaking its resistance level it may go up.
📈 Current RSI is around 73.
📈 Looking bullish as per the technical indicators also huge volume in the stock in the last trading session.
📈 Looking good to add for short term.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 225
🟢 Target 🎯🏆 - 240/250
⚠️ Stoploss ☠️🚫 - 208
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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DELTACORP fib levels for swing trade (Learning purpose)* For best results, always let the hourly candle close above the entry point.
* 2 rupees minus the 3rd target is safe to book profit as the 3rd target would always face selling pressure.
* If the price makes it to a comfortable hourly close above third target, we can aim for the 4th target as well.
* We may also trail our stoploss while the price moves forward to secure our capital and profits.
DELTACORP - Ichimoku Bullish Breakout Stock Name - Delta Corp Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 225
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
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Done with a base formation?Chart -> DeltaCorp Daily
After a downtrend, the stock was consolidating in a range of 202-205 as resistance.
Today it broke out with a good volume pop-up.
CMP: 209
Targets: 225, 242
SL: 193 on daily closing basis
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
#DELTACORP Buy for short-term @207Dltacorp making good price action pattern in daily time frame,
This stock making (CUP & HANDL)pattern near key lavel of 207 and today break this lavel after consolidation near resistance zhone.stock cross the lavel with good volume and give the break out,
also stock get the support a 20 EMA in daily time frame thats mean a up trand is helthy in this stock
my lavela for entry and target
BUY = 207-209
TARGET = 220,230,242
STOP LOSS = 200