Momemtum Trade in Devyani InternationalA Short Momentum Trade in Devayani International is active now.
On 2hr TF it has given break out of C&H pattern and trade details can be found in Chart.
DEVYANI trade ideas
Bullish idea on Devyani The stock is consolidating in a range for almost 3 years. and now trying to break the range. If this happens, the first target will be 223 and second target will be 264.
Devyani - The time is changing."Hi everyone, VCP Trader is back with an exciting investment opportunity!
Stock in Focus: Devyani International
This stock has been forming a strong base for over 3 years, creating a range of 100 points. Such prolonged consolidations often lead to explosive moves, and this setup looks like a textbook example of the Volatility Contraction Pattern (VCP).
What's Happening Inside the Base?
When we break down the structure of this base:
Clear Contraction: The stock is contracting from left to right, as evident by the tightening price ranges.
Three Distinct Legs:
The 1st leg shows a significant drop with high volatility.
The 2nd leg has reduced volatility and volume, signaling less aggressive selling.
The 3rd leg is even tighter, indicating supply drying up.
Volume Analysis: As expected in a VCP, volume has been steadily declining with each contraction, confirming institutional accumulation.
Point of Polarity
The critical point of polarity lies at 140, which is the make-or-break level for this setup.
A strong bounce from here could trigger the long-anticipated breakout.
Risk management tip: If the stock gives two consecutive weekly closes below 140, it would invalidate the bullish setup, and we would change our bias.
Target Projection
Using the base measurement of 100 points, we can anticipate an up move of 50-60%, projecting a target of 300 or more. This aligns perfectly with the price-action dynamics of similar VCP setups in the past.
Why Does This Matter?
Prolonged Accumulation: A base of this length (3 years) builds a significant cause (institutional positioning), which often results in an equally significant effect (large price movement).
2025 Breakout Potential: Such setups rarely fail when the structure is intact, making 2025 a pivotal year for Devyani International.
Low-Risk, High-Reward Opportunity: Entering near the breakout point or close to 140 offers an excellent risk-to-reward ratio.
Final Thoughts
This is a perfect VCP setup for traders and investors alike. With a well-defined range, clear contraction, and a breakout projection, this stock is on the verge of a significant move.
Stay disciplined and stick to the plan:
Entry: Near the breakout above the top of the base.
Stop Loss: Below 140 (point of polarity).
Target: Above 300 in 2025.
Keep this on your radar—it’s shaping up to be a potential game-changer! 🚀
#VCP #StockAnalysis #DevyaniInternational #Breakout #InvestmentOpportunity #TechnicalAnalysis
DEVYANI#DEVYANI
Observations:
Forming Higher Highs (HH) and Higher Lows (HL) on the weekly chart, indicating a potential uptrend.
Last week's big move was accompanied by above-average volume, suggesting strong buying interest.
Relative strength against Nifty has improved.
Caution:
The stock has been trading in a range for several years, which may indicate a lack of clear direction.
DEVYANI INTERNATIONAL DESCENDING TRIANGLE BREAKOUTDevyani international descending triangle brakout
with volume spike,rsi bullish
breaking 200 ema
above 183 #target 222
sl 167
no buy/sell recomendation
Stock in consolidation zone: Devyani InternationalDevyani International has been trading in a box pattern since Oct 2024.
It has strong support around 161 levels.
Currently it is in strong consolidation around 172 levels.
Current market turmoil has negligible impact on the stock price.
However, a volume spurt has to happen for significant momentum toward upside levels.
Resistance levels: 180, 194, 223,
Turning Bullish: Devyani International Ltd.Devyani International Ltd. has been in consolidation for more than two months.
A couple of days ago, it gave a positive breakout with good volume.
The downside risk is limited, and the upside potential is huge.
20 EMA (Black Line) is trading just below 50 EMA (Orange Line) and 100 EMA line (Sky Blue line).
In the weekly closing, if the 20 EMA crosses above 50 EMA and 50 EMA crosses above 100 EMA we can confirm the bullish trend and take long positions.
Resistance levels: 180, 194, 223
Support levels: 161, 145
Turining Bullish: Devyani InternationalDevyani International has broken the BoX pattern.
The stock has shown Strong Momentum: Price above short, medium, and long term moving averages
It has demonstrated good quarterly growth in recent results
Brokers have revised the target recently.
Companies with rising net profit margins - quarterly as well as TTM basis
Devyani International: Will Weekly Momentum Fuel a Breakout?Devyani International is currently making higher lows, as indicated by the trend line. The stock has established strong support at 142, with resistance at 203. After two failed breakout attempts, the question remains: will the third succeed or will it pull back to support?
Minor resistance at 179 has now turned into support. However, it is important to note that while the weekly volumes remain unimpressive, the MACD is showing growing strength, signaling potential bullish momentum in the coming weeks.
Potential Risk:
The primary risk to the stock's upward trajectory is the possibility of a broader market correction, particularly influenced by uncertainty in the Index.
Disclaimer:
This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
Devyani International Ltd. (DIL) Analysis: A Techno FundaFundamental Analysis:
Devyani International Ltd. (DIL) is a leading player in the Indian food and beverage sector, operating well-known franchise brands such as Pizza Hut, KFC, and Costa Coffee.
1. Business Overview:
DIL holds a strong portfolio with global QSR (Quick Service Restaurants) brands, leveraging its vast network across India and several international markets. Its franchise agreements provide the company access to world-class products and marketing strategies. This strategic positioning gives it a competitive edge in the growing QSR market.
2. Financial Performance:
Revenue Growth: The company has shown consistent revenue growth over the past few years, driven by strong demand in the QSR space. FY23 reported solid sales, attributed to increased consumer spending post-pandemic and aggressive expansion strategies.
Profitability: Operating margins have been improving, mainly due to cost optimizations and increasing average order values across delivery and dine-in.
Debt Levels: DIL's debt has been manageable. The company focuses on reducing its debt-to-equity ratio, improving long-term financial health.
Expansion Plans: The aggressive store addition strategy in both metro and tier-2/3 cities has expanded their market share, with over 1,200 stores across 27 states. Such growth potential is attractive for long-term investors.
3. Valuation:
PE Ratio: The stock currently trades at a price-to-earnings (PE) ratio higher than the industry average, indicating investor confidence but also a need to deliver robust earnings in the future to justify its valuation.
Earnings Per Share (EPS): EPS growth is promising, with strong potential for future earnings as the Indian QSR market expands.
4. Key Risks:
Competition: Intense competition from domestic and international players could pressure margins.
Inflation and Supply Chain Costs: Rising raw material prices could impact profitability.
Franchise Risks: Dependence on franchising contracts for top brands makes it vulnerable to changes in agreement terms.
Technical Analysis:
1. Price Trends:
Long-Term Trend: The stock has been in an uptrend since its IPO, reflecting investor optimism.
Moving Averages: The stock is trading above its 50-day and 200-day simple moving averages (SMA), indicating bullish momentum. Short-term pullbacks have been absorbed quickly by the market, suggesting strong support levels.
2. Support and Resistance Levels:
Support: A key support level is found near ₹160, where the stock has historically bounced back.
Resistance: A major resistance level is around ₹230, where the stock has faced selling pressure.
3. Indicators:
Relative Strength Index (RSI): The RSI currently hovers around 60-65, signaling that the stock is not overbought but has some room for further upside.
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, further confirming the ongoing bullish momentum.
Volume: The stock has shown increasing trading volume during upward moves, signaling strength in the trend.
Conclusion:
Devyani International Ltd. has strong fundamentals, backed by an aggressive expansion plan, solid revenue growth, and improving margins. Technically, the stock is in a bullish phase, but traders should watch for pullbacks near key resistance levels. For long-term investors, the stock's potential growth in the Indian QSR market makes it an attractive buy, but cautious monitoring of valuation and competition risks is essential.
Disclaimer: This analysis is for educational purposes only. Always consult with a financial advisor before making any investment decisions.
Dewayani International Stock is chasing weekly resistance 230 . If brake , it will go 250 ++ , 270. Supported by good volume.
If brake out fails it will take support at 180 - 185.
Analysis is only for learning purposes. No buy sell recommendation.
Devyani -Resistance BreakoutDevyani :
Resistance Breakout done, currently at resistance levels
Need to sustain 227 levels
Devyani Int Short Term TradeThe stock has been in an overall long term trend
Lately overall volume is indicating strong bullish sentiment
A rising wedge pattern has been formed
Also level around 199.4 has been an strong resistance zone (pink horizontal line)
Breakout has occured through the pattern as well the resistance
vol and atr has also shown a sharp surge on breakout
Thus, for a short term trade,
tgt 215.5 , sl 198
DEVYANI DAILY CHART ANALYSISDEVYANI CMP@196
Chart Pattern Looks Bullish
Above All Major Averages
Above Monthly CPR
RSI Bullish
RS Bullish
5X Volume Today
Headed Towards 225
Devyani International (W Bullish Pattern)Date : 10th April 2024
Time :12.00 PM
Devayani International is showing reversal from its usual support with other bullish indications.
As we can see ,
first of all W pattern is visible from strong support. also there is a bullish Divergence too.
Wave Count on Devyani is also looks like its time for ABC wave till depth of correction price level, which is 198 Rs.
Order Blocks on multiple time frame is also visible after last bullish movement.
With A Stop Loss of 150 Rs. [ i] We can Long Devyani Int.
Entry Zone will be 162 to 155 Rs with Target of 198 Rs
and RR is Minimum 1:3
Devyani International Potential Bullish MomentumFollowing a notable consolidation phase that commenced in January 2024, Devyani International has exhibited promising technical signals, suggesting a potential shift towards a bullish trend. Last week, the stock successfully breached the pivotal resistance level of 185 on the weekly timeframe, which is a critical psychological and technical milestone.
The 20 EMA has crossed above the 50 EMA on the weekly chart, a classic indicator of bullish momentum known as a "Golden Cross." This crossover typically signals a potential uptrend and aligns with the stock's recent move above the 185 pivot point.
Both the daily and weekly RSI readings have indicated bullish momentum, suggesting the stock has been gaining strength relative to its price action over the observed periods. The MACD indicator on both daily and weekly charts is also reflecting bullish dynamics, with the MACD line crossing above the signal line.
The stock has managed to close above the equilibrium level, a point where buying and selling pressures are balanced, on both the daily and weekly charts. A sustained close above this level could signify strong sentiment among investors, further corroborating the potential for upward momentum.
A Change of Character has been observed on the weekly chart, indicating a shift from prior selling exhaustion to potential buying interest. This technical pattern often precedes substantial price movements, and in this case, it may suggest that sellers are losing control, paving the way for bulls to take the lead.
Given the aforementioned technical indicators and patterns, the next resistance level is identified at approximately 236. Should the stock continue its bullish trajectory, this represents a potential upside of around 25% in the short term. Traders should closely monitor volume trends and broader market sentiment to fortify their positions.
Disclaimer: The information provided in this stock analysis is for informational and educational purposes only and should not be construed as financial advice. Always seek the advice of a qualified financial advisor or conduct your own research before making any investment decisions.
Devyani INT Swing Long Setup - Devyani Int is currently trading at 183
- Devyani has the perfect compression setup look expand towards the upside
- Before initiating swings wait for it to retrace back to 177-179 that's a very good area to look for longs and add more and more size
-Invalidation below 171
Devyanithis chart is looking very much ready for an upside for long sideways timepass, only for education purpose
Devyanithis chart is looking very much ready for an upside for long sideways timepass, only for education purpose
DEVYANI LONGThe Elliott Wave analysis indicates that the stock has completed waves (1) and (2) which are shown as blue numbers on the daily chart. Wave (3) appears to be underway at this time.
It is anticipated that wave (3) will have about five subdivisions shown in red colour.
Wave levels shown on chart.
Level of Invalidation
The starting point of wave (1) has been identified as the invalidation level at 107.55 . If the price falls below this level, it indicates that the expected Elliott Wave pattern is not as it seems.
I am not a registered Sebi analyst. My research is being done only for academic interests.
Please speak with your financial advisor before trading or making any investments. I take no responsibility whatsoever for your gains or losses.
Regards
VJ
Devyani can give 10% returns in short term. Devyani international current price at 165 can go to 180 this month. Strength shown in chart pattern, RSI and MACD hist slope.
Turning Bullish: Devyani InternationalThe stock is in a volatility contraction zone.
It is currently trading near the key resistance level of 180.
If the 180 levels are broken decisively, we can expect an upward movement toward 200 - 220 levels.
Pros:
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
Outperformer - Devyani International up by 9.27% v/s NIFTY 50 up by 3.44% in last 1 month.
Institutional Investors have increased holdings from 24.64% to 25.87% in Jun 2024 qtr.
Cons:
TTM PE Ratio - High in industry
TTM PEG Ratio - PEG TTM is negative
Verdict:
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
Turning Bullish: DEVYANI INTERNATIONALBullish Momentum - Above Short, Medium and Long Term Moving Averages.
Company is trading at a discount to 3yr historic valuations.
LOng term target: 194 - 219
Fundamental are not that great.
Can enter for a short term target of 190+
