DEVYANI : CHART LOOKS GOODSimple Price and volume supporting
TGT - 200 & 250+
SL - 160
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
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DEVYANI trade ideas
Devyani International🔹Long term GemEntry possible @160-170 range
support @160-63 range
expecting good growth in the compny.
🔹 Devyani International
Devyani International is the largest Franchisee of Yum! Brands and operates the highest outlets of KFC, Pizza Hut, Costa Cofee in India, and the company is the largest operators of quick-service restaurants chain in India. It operates 655 stores across 155 cities in India, as of March 31, 2021
study🙏
DEVYANINote:
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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DEVYANI--- POSITIONAL BUYDEVYANI , stock pick as positional buy due to technical bullish indication on Hourly chart.!! one can have buy position at cmp 171-172 for short term target 185-190 ( 8-10 days ) around 10-20% profit margin .!!
BULLISH TECHNICAL INDICATORS.
>> STOCK has at trend line support,as well as at 200 SMA support on hourly chart,
>> Stock has bullish breakout at trend-line
>> trend-reversal signal seen on chart MA ADX turn green.
BUY DEVYANI International @171.80
TARGET 185-190
Stop Loss 160
*** PLEASE Do own study and analysis ..hope this idea will help your anlysis. !! take call at own risk.!!
WISH YOU HAPPY TRADING !!
19/10/2021 Research Report For DEVYANI #KFCDisclaimer:
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research for my own portfolios. So don't influence yourself by this research. Please note before investing according to this educational research, please do your own research and also do take advice from your financial adviser before invest any single rupee. Your any profits and loss are totally your liability. No one is liable for that. Also, please note we will not never compensate your any loss. So before investing any single rupee, please do your own research according to your risk taking capacity and after that do invest and book profits on right time.
Buy at C.MP (Current Market Price) or Maximum 130
Target 1: 137
Target 2: 144
Target 3: 152
Devyani International Breakout EarningsDevyani International is a service provider to KFC and Costa Coffee, one of the leading retail food business.
CMP 130
SL 105
Target 155/160
Note: Sales rise 124.43% to Rs 516.08 crore. Net profit of Devyani International reported to Rs 45.70 crore in the quarter ended September 2021 as against net loss of Rs 66.70 crore during the previous quarter ended September 2020. Sales rose 124.43% to Rs 516.08 crore in the quarter ended September 2021 as against Rs 229.95 crore during the previous quarter ended September 2020.