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.
DEVYANI trade ideas
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+
DEVYANI INTERNATIONAL - Avoid - Price Lacking StrengthPrice Analysis & Overview:
1. Volumes are dry
2. Price is showing weakness holding higher levels.
3. No view until sustains above 190+
4. Touched demand multiple times still weak, the possibility of a demand zone break is also possible.
5. Need to be very careful.
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
DEVYANI - Weekly AnalysisIn the Weekly Chart of DEVYANI ,
we can see that; it has given W breakout from support.
Also it has retested it.
Enter on breaking its High with Low as SL.
Expected momentum is shown in chart.
DEVYANI INTERNATIONAL BREAKOUT WCBDevyani international double bottom brekout
with good volume and rsi #weekly
#target 225
follow ur sl
EDUCATIONAL IDEA
Devyani is good for long and short Termcurrently,I have posted short term target for next week.
Disclaimer-this content is for educational purpose .consult your financial adviser for buying.am not a sebi registered person
Moving Averages + MACD Crossover - DEVYANI📊 Script: DEVYANI
📊 Sector: Quick Service Restaurant
📊 Industry: Hotels
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving Breakout of it.
📈 MACD is giving crossover .
📈 Double Moving Averages are giving crossover.
📈 Right now RSI is around 70.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 170
🟢 Target 🎯🏆 - 191
⚠️ Stoploss ☠️🚫 - 160
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Devyani-A risky support bounce trade!Devyani is looking a good candidate for support bounce
Logic:-Stock is trading in channel. The price action is impressive but a confirmation is not still visible.
The stock has delivered poor results and is available at PE multiple of 138x.
Only risky traders should be interested in this.
DEVYANI again back to bottom of the channel with good RRUpside is more than 100 % is things go as per plan
Support from bottom devyani international Had move little bit from trend line
Trade with your stop loss
Slow mover stock with good fundamentals
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.
🔍 For more technical analysis and trade setups, make sure to follow me on TradingView
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
