DELTACORP ASCENDING TRIANGLE PATTERNHello
Welcome to this analysis about DELTACORP , we are looking at daily timeframe perspectives. DELTACORP in recent times heavily increased with Bullishness however it now moved into an oversold condition. DELTACORP is developing here that will be a decisive factor in the upcoming times. I discovered the main formation DELTACORP is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how DELTACORP has emerged with this key ascending-wedge-formation marked in my chart with the black boundaries. DELTACORP is near support region which is an important support and also psychological support-mark together with the lower-boundary of the ascending-channel-formation a pullback
In this manner, thank you for watching my update-analysis about DELTACORP and its major ascending-wedge-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
DELTACORP trade ideas
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