Devyaniinternational
Devyani International trying to capture a market traditionalDevyani International Ltd. is a multi-dimensional comprehensive quick service restaurant (QSR) player in India. The Company is primarily engaged in the business of developing, managing, and running QSR and food courts for brands such as Pizza Hut, KFC, Costa Coffee, Vaango, The Food Street etc., and retail stores of TWG Tea. Devyani International Ltd CMP is 186.75.
The Negative aspect of the company is High Valuation (P.E. = 126.9), MFs are decreasing stake, Promoter Holding decreasing. The company's Positive aspects are No debt, zero promoter pledge, FIIs are increasing stake, improving annual net profit, Improving cash from operational activities etc.
Entry can be taken after closing above 190. Targets in the stock will be 198 and 213. The long-term target in the stock will be 220. Stop loss in the stock should be maintained at Closing below 174.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
$NSE:DEVYANI possible uptrend continueDEVYANI INTERNATIONAL LTD
There is possibility of uptrend continuation in the future. have given the strategies that I would go with for both short and long trades.
Expecting to reach Rs. 250 - 275 anywhere by year 2024
Note: Trade with caution! Do not trade solely based on my strategies, these are just individual ideas, kindly consult your investment advisor before taking trades.
#DEVYANI TRADE IDEA SETUPGreetings Folks,
today i have prepared a setup on DEVYANI on NSE
the setup is as follows
- the price is trending at all time high
- the volume is contradicting the price
- there is an imbalance to be filled
- we will not time the market to look for sells
better wait for a proper bearish structure
- price broke the previous high with good volume
dont play with fire, always use predefined stoploss