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 trade ideas
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
Devyani On 5th September good bullish morubozu candled formed
On 6th September came for Entry
On 7th September again Bullish Morubozu candle
Good to entry on deeps
Devyani - Trendline BreakoutDevyani :
Strong Trendline breakout
currently at 52 week high
Stay long above 228
Devyani International: Attempting all time high breakoutDevyani International is looking good on chart. Stock is attempting all time high breakout. Keep on radar.
Devyani International breakoutdevyani has given channel breakout and previous 52 week high breakout.
Strong 15m Candle closing above Resistance📌Strong 15m Candle closing above Resistance
✅Wait for more confirmation
DEVYANI
+ Breakout attempt in Smaller tf
+ Validated with Good volume
+ Above Key EMAs
Devyani International LONGPrice is close to the support line,Trade can be initiated keeping resistance line as a target
Recently company has announced 20%YOY Growth.
Recommend by MOTILAL OSWAL as well with a target of 220.
SL can be maintained at previous swing low or at support.
Devyani international ltdPlease note this is for education purpose only. Please do own research before you take a trade.
DEVYANI INTERNATIONAL - 25-75% RETURNS!!!BUY - DEVYANI INTERNATIONAL LTD
CMP - Rs. 145
Target - 1: Rs. 164
Target - 2: Rs. 182
Target - 3: Rs. 210
Target - 4: Rs. 257
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Technicals - 1) Bullish Cypher Harmonic Pattern.
2) Targets set using Fibonacci Retracement.
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A bit like Cup and Handle PatternObserving Cup & Handle Pattern . if breakout happens, stock will touch 211 quickly .
Just for Educational Purpose.
#Devyani
Devyani InternationalBuy Devyani International @ 156 Targets 170 + 180 +
Annual net profit growing nearly 90%
Devyani intl= H & S formationThe stock is forming H & S formation on weekly time frame.
if the channel is broken, the fall could be at least till 136 and then 111.
on daily time frame, both RSI & MACD is showing negative divergence.
I am bearish on this stock.
note: i am not SEBI registered and this is my outlook. this is not an invite to trade. please do your due diligence before investing
DEVYANI .....TARGET 238Devyani International ....cup and handle pattern form ....entry above 200.50.....First target 211....second target 235....
Devyani | momentum stock | price recovery from support level The stock recovered from support level in daily time frame and showing momentum for further upside. Price closed above ema 20 with good volume.
Target and Stop Loss marked in chart.
Thanks
-AJ
Disclaimer : The analysis published for educational purpose only.
Devyani about to blastCMP at Breakout. Needs to sustain for further up move. Broke long-standing resistance with good volumes
#Devyani Int Analysis Strong volume build up seen in weekly TF in this stock and near to complete fav pattern round bottom, follow chart for proper support and resistance levels.
