Support from bottom devyani international Had move little bit from trend line
Trade with your stop loss
Slow mover stock with good fundamentals
DEVYANI trade ideas
Devyani analysis Buy activated Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants (QSR) in India. In addition, DIL is a franchisee for the Costa Coffee brand and stores in India.
If we look at the chart:
The stock has broken out to upside. and expected to move higher high.
Reasons:
It has broken Falling wedge pattern to upside. (Bullish)
It has been consolidating for 8 months and now ready to move to upside. (Bullish)
RSI crossing 60 to upside means bulls are in the control of the market. (Bullish)
Price > EMA(13) and Price < EMA(200), good point to enter to bull side right now. (Bullish)
Verdict : Strong BUY
Plan of action:
BUY: 165
Target: 190
Stoploss: 158
DEVYANI long Price has entered a monthly level and swept sellside liquidity before pushing upwards.
The bearish FVG has been inversed and a long can be taken from that level.
What would improve the probability of the setup is if a bullish FVG was formed after sweeping the low.
I am anticipating a missed entry if price is bullish and expands upside for the following days. This, I have already entered but with a small position.
The target is the next high.
Compared to my other trade ideas, I have more confidence in this. Although, in trading, anything could happen.
DEVYANI INTERNATIONAL LTD STOCKNSE:DEVYANI Stock take support from C point.
Buy sustain above the 158 rupees.
First Target is 165 to 170 rupees.
Second Target is 175 to 180 rupees.
stoploss below trend line at least one day candle closed.
Devyani internation Ltd analysis 04 Mar 2024Devyani internation Ltd analysis 04 Mar 2024
Stock Move in Upward Channel Pattern
stock is now at the bottom of the channel pattern
keep stop loss 135 (on a closing basis)
target 160 - 170 - 190 - 200
high of the channel pattern 240
High Risk Reward setupDevyani is again back to supply zone one can setup trade with SL 145 upside can be 240 .
High risk reward setup
Devyani International: Swing Long Share is trying to come out of downtrend.
Took a bounce from 150 level
Volume spurt is seen which may initiate a buying, hence a risky trade, only for risky players.
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Devyani International at Strong Support, Attractive Risk RewardDevyani International Looks Attractive
Fundamentals : Strong, Consistent growth on Sales, Profits and EPS. High Reserves vs debt free, Discounted..
Technicals : Taken Strong Support in rising Wedge.. Good RR...
Resistance 1: 180
Resistance 2: 200
Resistance 3: 220+
Support Zone : 140-125
DEVYANI reversing from support to bullishDevyani price is reversing from support line
good green candle with good volume. strong close of green candle.
RSI crossing above 30 and MACD is about to cross over.
Golden opportunity for swing trade.
SL is slightly high 7% , position your quantities accordingly
Devyani Sign of ReversalGood sign of reversal. Took support from the trendline. Target 180, 200+. Do your research before investing.
DEVYANI PRICE ACTION ANALYSISYNSE:DEVYANI
the price is currently reacting from a monthly demand zone
MONTHLY (132 TO 154)
"the monthly zone is strong, but its closing is not that strong. however, we can consider it because it has two good execution levels."
1). 1ST EXCUTION LEVEL (142 TO 148) -the price is currently reacting from this zone and is moving up,
2)."the second execution level is very strong. if the price comes down, we can trade at this level.
looking at the market, it doesn't seem like the price will come down.
Devyani at DAILY MONTHLY QTRLY DEMAND ZONETry to research stocks by top down approch after long time price at QTRLY mthly daily dz good price at CMP and below price where you get it with proper risk management as risk management is the key of trading. Always keep track on stocks for study perpose not a buy or sell recommendation
Devyani Devyani is on major trendline support on weekly chart.
support are marked as green horizontal lines and resistance with red lines.
Buy at 148 - 140 - 135 - 121 - 107
Stoploss 105
Target 200 - 220 - 300
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
Happy Trading :-)
Devyani updateDevyani international is getting to our point of entry , look closely how it behaves on the key area and then i will enter
Devyani International SetupDevyani International Setup , just looking , waiting for it to get to my point , no aggressive move , let the market do what it does best "REPEAT"
DEVYANI INTERNATION Is in the support good for swing DEVYANI INTERNATION Is in the support good for swing price cross the resistance line stock will move higher, and stock in 200dma support
Devyani International Ltd Analyasis on 7 Jan 24Devyani International Ltd Analyasis on 7 Jan 24
Stock PE is less than industrial PE
Good promoter holding 62% and FII 13.34%
Stoploss 168
target 206
225
240-255
DEVYANI INTL - READY FOR 270 LEVELSDEVYANI INTL
company which houses brands such as KFC and PIZZA HUT is trading at 190 odd levels which is good pivot area for executing buying orders for targets of 225 which is earlier high and then towards 270.
at 190 levels, huge buying orders are seen in terms of increase in volume on the buy side.
it may anytime move towars 220 levels.
thanks
Devyani International LtdDevyani International Ltd involved in the business activities of event catering and other food service , which is the largest franchise of yum brands in India. More than 60% promoter stake with ROE ROA ROCE increasing for last two years. Eventhough the profit is increasing YoY , net profits are declining for last 2 quarters.FIIs are also increasing their holdings. Stock is near it's alltime high. Smoothly moving towards 250+ . Have strong supporter at 205 levels.
DEVYANI: 1 Year Cup breakoutDEVYANI is breaking out of a 1 year large cup and top end on channel with high volume and high RSI
Weekly breakout with increased volumes [ Avoid ]The issue with the stock is it is currently trading at High PE ratio. Buying at this juncture is not prudent considering the fact that topline is steady but bottom line is showing some concerns.
About
Devyani International Limited is the largest franchisee of Yum Brands in India and are among the largest operators of chain quick service restaurants in India on a non-exclusive basis and operate 655 stores across 155 cities in India as of March 31, 2021. In addition they are a franchisee for the Costa Coffee brand and stores in India.
The business is broadly classified into three verticals that includes stores of KFC, Pizza Hut and Costa Coffee operated in India (KFC, Pizza Hut and Costa Coffee referred to as ”Core Brands“, and the business in India referred to as the “Core Brands Business“); stores operated outside India primarily comprising KFC and Pizza Hut stores operated in Nepal and Nigeria (“International Business“). As of March 31,2021, the company operated 264 KFC stores and 297 Pizza Hut stores across India.
#DEVYANI (W)#DEVYANI (W)
- Strong Breakout Candidate
- Trading All Time High
- Long Range Accumulation
- Strong Bullish Momentum
- Massive Volume Buildup
- Looks ready for 240/260/280+ levels
- TF ≈ 3-4 months
#Investing
