DELTACORP trade ideas
Delta Corp SetupThis is a range bound trading strategy
Many people believe that Delta Corp will not sustain because of increase in GST.
But this type of business is a addiction so to say.
Also the increase in GST has reflected in stock price.
I have mentioned my buy and selling price in chart
PS: Not a recommendation to buy or sell
DELTACORP : Potential for a High Risk-High Reward tradeDeltacorp is a monopoly business in India. They are the only listed company engaged in the casino (live, electronic and online) gaming industry in India.
The recent rapid sell-off was mainly due to the 28% GST imposed on online gaming, casinos from October 1 by the GST Council.
The announcement was made on July 12th and it's almost 4 weeks since then. The market didn't crash further from the initial levels it crashed to. So there are chances that the market did price in the negative impact that this news is going to have on the scrip.
But still we need to see how the industry acts on this decision, in the coming days and hence further crashes are still on the cards.
The financials are not that attractive and the valuation is also high. But still there are high growth prospects for the sector and the stock in the coming years.
So I'm willing to take this risk and have entered into a position. Further details will be updated underneath.
deltacorp nutural condition #deltacorp
prediction go near 143 and 104 level
if closing below 165
then 143 and 104 buying zone
180 latest support
Delta corpDelta Corp. is 25% corrected from the high so that tiny quantities can be accumulated over the long term for the TGT of the current high nera 200 + .
This information is provided for educational purposes only.
Before making an investment, kindly get in touch with your advisor.
I am not a financial consultant.
#DELTACORP Breakout soon.....As on Chart Analysis stock is near 52 week high....
if it break @254 - 255 Level
stock can set 280 to 300 target in coming week.
Fundamental :-
Annual net profits improving for last 2 years.
FII and FPI increasing their shareholding.
$DELTACORPjust crossed above long term previous stage 1 resistance.
support at : 220 previous day low.
Be ready to capture the moveWait for the movement on the chart its not showing any direction here but the coming trading days would be very crucial for this
Rejection, Rejection !We can clearly see how the Script taking resistance from 200 Sma
and each time its breaching its Lower levels,
Don't have Fake Hopes , let it consolidate.
May try to Form Bearish Engulfing on Daily Timeframe.
Observation is only For Daily Time frame.
All the best .
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DELTACORP - Weekly AnalysisIn the Weekly Chart of DELTACORP ,
we can see that, it is forming a Cup & handle inside a Large Cup & Handle.
Go Long for this Stock
Bullish RSI divergence on Delta Corp ChartNSE:DELTACORP
As seen on the chart, DeltaCorp has shown bullish RSI divergence as the price went lower while RSI went higher. There is a very high probability that DeltaCorp could reverse from here and could reach at least 200
Disc - invested, for educational purposes only.
DELTACORP LOW RISK HIGH REWARD IDEANSE:DELTACORP is trading at best buy level and also a strong support area. My idea is to take entry at 207 with stop loss of 189 (-18 Points Risk). My expected up side target will be 257 (+50 Points). It mat take 3-4 weeks to get target.
Note: This is my personal analysis, only for learning. Thanks.
DELTA CORP WITH GOOD RISK TO REWARD IN SWING TRADEkey Highlight:
1.look good base formation on 220 level
2.getting good risk reward ratio
3.positive volume
DeltaCorp - SellDeltaCorp - if it gives closing below 220 on daily chart then it is poised to go further down for 212 TGT. Buy signal will be only if it closes above 238.
Delta corp CNCEntry 235.15
Sl 233
qty 50
took small position, will watch how it plays out and add/exit accordingly
Delta Corp: Breakout stock!Delta Corp (Daily Chart)
Near resistance zone
Looking stronger above 238
Keep it on your radar!!
#DELTACORP #NAZARA #CASINO #GOA #TRADINGTIPS #StocksToWatch #nseNSE: DELTACORP
CMP: 232
Target: 290+/++
SL: 211
RR > 3 times
RETURN > 25%
Timeframe < 6M
NSE:DELTACORP and NSE:DELTACORP1!
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
DELTACORP Upside Idea PositionallyNSE: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.
DELTACORPNSE: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!
Delta Corp - Bullish on Chart📊 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.
📈 Volume is increasing along with price.
📈 Script is moving towards resistance level which is around 240 if script is breaking its resistance level it may go up.
📈 Current RSI is around 73.
📈 Looking bullish as per the technical indicators also huge volume in the stock in the last trading session.
📈 Looking good to add for short term.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 225
🟢 Target 🎯🏆 - 240/250
⚠️ Stoploss ☠️🚫 - 208
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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