If an unlisted Lottery King can give 1000's of crores, al the political parties are lap dog of such industry, then definitely its raking in moolah.
For Delta too, both technical & fundamental is getting rosy.
Keep an eye.
Delta Corp is Bottoming out soon irrespective of any news !!
Stock is near long term support of 90-100
Currently stock is in a falling channel and prices may continue to go down unless it don't breaks the upper resistance of the channel
Every time stock comes around long term support we can see huge upside of 200-250% in few months
Keep it in watchlist and...
For long term inventors only
Early entry range 150 to 170, Add more above 202
Conservative traders buy above 202 Stop loss of closing below 165
Strict Stop loss of closing below - 102
Trade plan for next levels - Book some profit around 196 and add more if come again around 180 and revise stoploss.
Long term Expected Targets 540 to 585 and 635 to...
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You...
DELTACORP WEEKLY CHART
Ellipse breakout @ 160 MOB @ 245-255 Support 120
This stock post a breakdown has hit the MOB & now it would act as support.
Fresh breakout @ 160, as a contra bet with MOB projected @ 245-255 levels.
Its only my observation & not any suggestion or recommendation.
On weekly time frame gartly pattern and price may retest .
Also volume build up.
I'm take entry on this based on technical analysis ( Swing entry)
Sl-12/13%,
Target -30/33%
This is risky stock, because now company financial effect by 30% tax rule.
Before investing check financial also may it help you alot .
DELATCORP MONTHLY CHART
Cmp 137 Ellipse support @ 120-105
This stock has corrected to its long term ellipse support, time to look for contra bet.
Note: Ellipse calculated by mix of technical studies.
Its only an observation & not any suggestion.
Targets for DeltaCorp(Intraday)
Buy above 142
Targets : 146-150-154-170
SL - 135
Please consult your financial advisor before investing
All research for educational purposes only.
Delta Corp has been consolidating after that insane GST news, and forming an inverse head and shoulders pattern....Any break above 160 with volume would signify a strong trend change...I have started investing little by little, my target is 450++, take positions at your own risk....
Currently, I hold positions in this stock, which is deemed to be high-risk primarily due to regulatory concerns surrounding taxation. My current position size stands at 1.25%, leaving an additional 1.25% allocation to reach the maximum limit per stock according to my trade plan.
However, I am exercising caution and deferring the remaining allocation until I gain...
DELTA CORP Monthly Analysis
1st Entry Opportunity - 120-142
2nd Opportunity - 59-86
Targets :- 410,497,589+
"Be Fearful when others are Greedy and Greedy only when others are Fearful " - Warren Buffett
I Considered this is the Best Opportunity for Delta Corp
Always Trade What You See not What You Feel........
John Maynard Keynes said, “the markets can...
my entry price is 177 and i am very comfortable in this price my target was 175 on this and was waiting from some time to get an entry but i am not sure that this a bottom but i am willing to take 50 percent of the quantity i can invest in this stock at this price 170 should hold on this stock there are many expansion based reasons for the fall in share price and...
I am pretty neutral about delta corp. On one hand you could make the argument that it is forming a bull flag pattern.....But with whole GST fiasco, I'm a bit skeptical.....
However, does gambling and drinking really go away? As long as there people who are willing to spend, these activities will exist. I hope the GST council comes to it senses and makes...
The company has encountered significant challenges stemming from repeated issues with the tax department. Initially, it was the imposition of a 28% GST on the betting amount, followed by the substantial Rs 11,139 crore tax liability.
Given the uncertainty surrounding how these circumstances will ultimately affect the company's long-term profitability, it is...
![DELTACORP: [Basket] Delta Corp Buy Idea](https://s3.tradingview.com/i/iHmwNuNo_mid.png "[Basket] Delta Corp Buy Idea")
