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DELTACORP trade ideas

bought delta corp today 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 the current off season in travel industry but it is a very good price to start accumulating this stock will further add my view on this post
NSE:DELTACORP
by Tradegainer
1
What to do about Delta Corp?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 reasonable decisions. So what to do about this stock....Best case scenario, things will hopefully clear up in the next few months, worst case scenario would be they close up shop and move to another casino friendly country.... It is a risky bet, but if you really want this stock, open only small positions, not more than 1-2% of your capital or wait and let some more clarity come with regard to its GST issue... Be patient, market offers infinite opportunities, don't have FOMO, let Price action dictate the direction of the stock....
NSE:DELTACORP
by Roopesh80
DELTACORP : It's time to be cautiousThe 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 advisable to exercise caution when considering investments in its stock. I currently hold a position equivalent to approximately 1.25% of my capital, and I intend to maintain this position without further additions until a clearer understanding of the situation emerges. My previous analysis is attached underneath this post. Check that out too.
NSE:DELTACORPShort
by Sniper-Traders
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.
NSE:DELTACORPLong
by Sniper-Traders
1
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 . Gratify if you appreciate the practice then you can like it, share it and If you want me to investigate any chart for you then would cherish doing that for you. Thank you for your time and support. Stay safe.
NSE:DELTACORP
by Anany_shringi
#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. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:DELTACORPLong
by Rachit_Sethia
2