DELTACORP looks good on weekly chartNSE:DELTACORP
If you see the breakout to the level 224, after breakout prices did managed to sustain above that level while volume keeps declining which indicates bit of weakness in stock for prices to move further up.
But in last week we have seen strong bullish candle breaking out the resistance level of 282 though candle doesn’t managed to close above that to take it as a confirmed breakout, we can still consider this as a good solid sign to consider this stock for Swing or short term trade. One can prefer to take further confirmation on 2h chart.
DELTACORP
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
Bullish on DELTACORPNSE:DELTACORP
The chart has a breakout from the Trade Channel and its likely to achieve the targets .
The 1 hour chart shows the bullish RSI divergence.
The chart also has a bullish rectangle pattern.
the CMP is above than the MA-50 and has a bullish MA cross.
Target 1- 136
Target 2- 153
Stop Loss- 119
I can be 100% wrong.
DELTA - its doesn't look greatThanks for viewing and sorry all those Aviation types who are hurting.
Just a short one,
Demand is deeply impacted, and there are yet to be any signs of a pick-up as yet.
Stocks don't often lose 69% in 60 days and then just turn around and head for new all-time highs. Especially, when two studies came out last week showing how the virus - that shall not be named - can easily spread on-board aircraft.
After a solid rejection at the 200EMA I am watching the $17.55 level as support, but I don't expect it to hold. After that, ~$14 at the 1.618 extension on what I believe may be the start of wave 5 down..
This is based 99% on TA and 1% the general environment presently. I don't want it to happen, that is just where I see the price going. I am not short Delta, but I also won't be a buyer at lower prices.
DELTA CORP - Looks goodCMP 108
With a breakout from 2 bullish patterns there is an opportunity for 28% in the near future.
The RSI has entered the overbought zone and as we can see 5 green candles from 85 to 114, a small pull back is expected or may be not.
Accumulate on any dip with a stop loss of 102
✌ Told You To Short The Break. (DAL)💰 LET'S GET INTO SOME DELTA AIRLINES ANALYSIS!💰
1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤
(Overall Market Sentiment) 🐻 Bearish
- 12 Hour Chart
- Red Engulfing Candle
- 3/3 EMA DOTS Red
Told you specifically to watch that uptrend support, if broke to go short. Now we approach stage 2 of support, the horizontal level. Break below that we can sit on position for further selloff confirmation. DAL almost down 8% in last market session. 3day is also shifting with a red doji.
Best of luck to you and all of your trades this week! 🤜
Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤
Thanks for checking out our analysis! ✌😁✌
🥇MLT | MAJOR LEAGUE TRADER
✈ Delta Air Lines Test Support. (DAL)💰 Man these airline stocks are in nice setups for some serious plays.
Almost identical to Boeing as we are now sitting right above the long term support green line.
If we break above the red line that we are currently under that would be a breakout attempt to go long. Break below green we look for a short.
Line up the ema dots and the Crossover strategy candles for a breach and color confirmation. Use previous break level as stoploss.
Best of luck, 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
LONG: DELTA AIRLINES INC. (WEEKLY) - post COVID-19 stabilizationThe aviation and national/international transport industry will see a bounceback after COVID-19.
Delta have a large percentage of B2B services -- therefore their clients will require aviation regardless of personal fear.
Once the virus begins to leave the spotlight high volume business activities will return, stabilizing the share price.
Long term trade -- Optimum target: ~March 2021
Delta Air line long set upon pullback BUY DAL OPTION
Price target $54 Price target 2 57.68
Warren Buffett famously advises investors to "be fearful when others are greedy, and be greedy when others are fearful." The billionaire investor's Berkshire Hathaway conglomerate showcased that approach last week: It boosted its stake in Delta Air Lines during the massive market selloff fueled by coronavirus fears.
Berkshire deployed about $45 million to buy nearly 980,000 shares in the airline last Thursday, according to a Securities and Exchange Commission filing. The purchases raised its total holding to about 71.9 million shares, giving it an 11.2% stake in the company.