NSE:DELTACORP is consolidating above level of 218. My idea is to take entry at the level of 219 with strict stop loss of 202.
My expected upside target will be 229, 245, 256 & 270. Best risk & reward option.
Note: This is my personal analysis, only for learning. Thanks.
NSE:DELTACORP
Risk Reward is good !
Wait for 1 Hour close on the Trendline.
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
📊 Script: DELTACORP (DELTA CORP LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY500
📊 Sector: Consumer Services
📊 Industry: Leisure Services / Amusement Parks/ Other Recreation
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Also Crossover in Double Moving Averages.
📈...
After i good upside rally now NSE:DELTACORP is ready to take some rest or retracement.
As per my analysis. Best level to buy DELTACORP LTD is :
Entry level (Buy level) 204
Target 1: 229 (15 Points Gain)
Target 2: 250 (46 Points Gain)
Target 2: 271 (67 Points Gain)
Stop loss will be : 189 (Risk 15 Points only)
Note: This is per personal analysis, only for learning
Delta Corp
It has been creating an ascending support from 29/08/2022 with a trend line forming a wedge pattern giving a bteak-out and restesting the support levels and clearing the stop loss orders and giving a perfect break- out.
Technically reversal chart formed and best to by on 19/8/22 candles high X 1.0033 and ride the trend until formed lower low corrective wave. Great Business to buy for longer time Frame.
Please do your own research before buying any stock, free advises may cause of deeper loss.
Delta Corp Limited, previously known as Arrow Webtex Ltd., is an Indian gaming and hospitality corporation that owns and operates casinos and hotels under several brands. It is India's only listed company engaged in casino gaming.
