Cup & Handle - Multi Year BreakoutAccumulate for Targets of 400. New Targets Open above 400 levels. Will review again around 400 Levels
keep adding with SL at 280
DELTACORP trade ideas
Delta Corp breakout1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or close below daily supertrend (for short term traders) or close below weekly supertrend (for long term investors)
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Largest weekly price spread
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
after a quarter sales growth of 104%, quarter profit growth of 460%, TTM sales growth off 57% and TTM profit growth of 292%, NSE:DELTACORP gave a break out yesterday with high volumes after a consolidation since October 2021. Today the share price dropped below the previous support point of Rs.300 and bounced back. It is a buy with a stop just below Rs. 283, or it is a buy above Rs. 319 with a stop just below Rs. 297.
Other fundamentals:
1. Debt to equity at 0.00 (less than 1 is good), Interest Coverage at 20.6 (greater than 3 is good), Current ratio at 4.08 (greater than 1.5 is good).
2. Delta Corp Ltd is the largest gaming company in India and they are the only listed company in the casino gaming with 2000+ live gaming positions. They have managed to capture 55% of market share in the organized casino market and it has three major areas of business.
a. Casino's – Company operates casinos in Goa, Sikkim and Daman.
They operate 3 offshore casinos in Goa out of a total of 6 offshore casino licenses and also one land-based casino.
b. Online Gaming - Adda52.com currently offers online poker games. It currently holds number one position in India. The other website 'Adda52rummy.com' offers online games of Rummy.
c. Hospitality - Gaming and hospitality go hand in hand. Both these are mutually inclusive and reciprocating businesses, each driving the other.
3. The company is expanding its regional footprint by starting new casino center at Nepal upon receiving the gaming license in Feb 2020.
4. On Dec 12-2020 The company had received a license to establish a integrated resort consisting of hotels, convention centre, mutliplex cinema, electronic casino, retail area, water park and other facilities at Pernem, Goa.
5. The company owns 34% of Advani Hotels & Resorts Ltd which gives it the same stake in its Caravela Beach Resort situated at Varca Beach, Goa.
DELTACORP | Simple channel breakout - Looks potential for 15-20%DELTACORP | Simple channel breakout - Looks potential for 15-20%
CMP : 305
SL : 290
Target : 348, 370
1:4+ risk reward setup for 2nd target.
First target is calculated based on Fib
This stock is my fav, have given good wealth to us in the part. Reference charts attached in the post.
Delta CorpStoploss and target mentioned in the chart after a long consolidation it gave a strong breakout
DELTA CORP | Good for Long NSE:DELTACORP
Cmp : 312.75
Try on Pullback near 307
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Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action.
Rectangle pattern..!please enter once the candle close above the resistance line...kindly do your own research before buy
DELTA CORP LTD SWING TRADEAs we see RECTANGLE breakout in DELTA CORP. we can go long by keeping our stoploss below 300.
Bullish setup in Delta CorpStock Name - Delta Corp. As per the ichimoiku rule, today's close is above the Conversion Line and future kumo
turns bullish today and chikou span is slanting upwards. All these parameters are showing the further strength in Delta Corp
More strength will be visible once it will cross 326 . Worth to keep in watch list for coming days
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Rule Based Investing
# Ichimoku Cloud
# Ichimoku Followers
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Breakout in Delta CorpCHART -> Delta Corp DAILY SETUP
As per chart after a good consolidation, today it gave a range breakout with good volume. Keep this in radar.
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
DELTA CROPWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
DELTACORP
CMP: 313
- 6 months box consolidation near 4 years high
- Taking support at 200ema
- I will wait for 295 to 300 range to enter
DELTACORP, How to trade it with low risk? Dear Traders,
Today Delta-corp has given good breakout from channel pattern with good volumes. So, it is a buy call for tomorrow. But, it is almost 10% above the breakout line. So, first we put 50% of our money tomorrow. As risk management is most important so we then trade with Big SL of 10%. If it continuous to move further upside then we gradually trail our Stop loss and increase our quantity. It broke out from 7 month CONSOLIDATION time. So, we can expect big move in 1 moth or so.
Also put, GSFC in your watch-list as it traded with good volume in last week. Once it breaks 52 week high we can expect good move there too.
Have a good day Traders.
Parallel Channel Breakout in DELTACORPDON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
- SL can also be maintained as 1% or closing below the low of breakout candle
Levels mentioned on the chart are calculated using Breakout Indicator
Now why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Parallel Channel Breakout in DELTACORP
Buy Today, Sell Tomorrow: DELTACORP
Delta Corp - Breakout TradeBeen sharing this co as an unlock trade, an online gaming trade and now it will also be a breakout trade above 310.
The stock has been consolidating in this zone since a while now and could soon breakout into a new 3 year high.
Long above 315. SL 5% below purchase price so around 300.
The stock is slightly extended after todays move so be a little cautious.
Delta Corp (Deltacorp) : Moving to 300 and beyondWait for breakout above Darvas box zone at 310.
Critical is when it crosses 300 with strength.
Support is at 240.
Targets of 350, 376, 386, 400.
DELTA CORPDelta Corp Limited is primarily engaged in the operation of casino. Its segments include Real Estate, Gaming, Hospitality and Others.
Stock not in ASM/GSM lists and not a lot of promoter holding is pledged
Stock doesn't offer attractive dividend returns
Low probability of default in next 12 months
In last 6 months, promoter holding in the company has almost stayed constant
In last 3 months, mutual fund holding of the company has increased by 4.10%
Smallcap
With a market cap of ₹7,672 cr,
Stock is 3.11x as volatile as Nifty
COMPANY DATA TAKEN FROM TICKER TAPE
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Bullish viewDelta Corp ltd make bullish MACD crossover, near in its support zone and gives positive breakout in its support zone
It can be buy with sl of 260 and target of 307, 346, 380
delta corp for breakout delta corp has broken the channel line with heavy volume , if cross 293 it can go to approx 340 to 350 rupee
Deltacorp Deltacorp is trading in the range if it breaks upper trendline then next resistance is at 305-307. and Support at 260
Serious Accumulation going on.please refer to the chart.
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Thank you for your time and support.
Stay safe.
Low risk set up ✌✌✌This scrip has choosen for short Term return as it has low risk set up. So trders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏
