DELTACORP trade ideas
delta corpit is coming out of resistance placed at 187 . unlock theme and good price action indicate a target price of 200 and 220 in short term
STOCK SHOWING STRENGTH.STOCK STARTED TRADING ABOVE 50 EMA AND 200 EMA, AND THERE IS RANGE BO WITH DECENT VOLUME, ONE SHOULD GO LONG KEEP SL AT 170.
Delta Corp - getting ready for another jumpDelta Corp Ltd's price action is quite strong, it saw a good move and then consolidate for 3 days, and current levels are good levels to pyramid further.
If stock sustains 170 levels, it is probably moving towards 190 levels.
Refer to the linked post for detailed analysis
DELTA CORP LTD Long term trendline BreakThe stock has broken its 3 years downtrend trendline in Dec 2020 and has been able to sustain above it and consolidating in the range of 200- 150.
Currently, prices are trading at and taking support at the lower range.
And it is likely that it might bounce and move towards the upper side of the range at the minimum.
One more positive thing to notice here is the higher high and higher lows structure of this recent rally that started in March 2020.
This could be traded with a stop below 140 levels for an initial target of 200 and if the stock reaches its initial target, it could be trailed for higher targets.
Type of Trade: Positional
Delta CorpDelta Corp trading at Imp Support Level.As seen on chart, price is moving at the Trend line. However there is an imp support level of 135-137.
A swing trade can be seen here for Long with SL of 135.5(appx). Target as per RR ratio of Investor.
Delta Corp ready to take off from Bottom ChannelDelta Corp moving beautifully in a parallel channel. It is ready to take off from bottom channel support, Should be an easy 20%
Delta corp breakout from channel ON WEEKLY CHART DELTA CORP HAS BROKEN THE LONG CHHANEL N RETESTING
WAITING FOR VOLUMES ON 5TH APRIL
DELTACORPDELTACORP looks good as it is to forming beautiful triangle pattern, keep on radar ,learn from it and take action ,don't enter blindly ,Targets and stoploss given in chart
I'm not a SEBI Registered advisor
Falling Channel Retest doneStock Analysis: Delta Corp has broken the falling channel also it has retested the channel. Its good buy around marked demand (Green) area for conservative entry. As long as it stays on the zone the expected targets are marked on the chart.
Happy Investing!
channel breakout with flag formationprice has formed flag and falling channel . broken with rising volumes. with 8% can be considered sl.
longvolume increased during narrowing of sym triangle rsi breakout done , may give breakout tom abv 165 175 220
Delta corp - Short term dip is coming Look for a buying zone at 145 and hold it for next all time high
#DELTACORPOn the verge of a breakout from long term down trend. Watch it! A low risk-reward setup. Banking on the already buzzing travel theme, that is going to amplify multifold post-vaccination.
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