DeltoCorp: Another 55% correction possible?Looks like Delta corp will test 163 as firs support if that break 82 might be the next support, lets see what happens
DELTACORP trade ideas
Delta Corp is around the BottomDelta Corp Ltd has corrected nearly 75% from its last high in 2022. Without relying on RSI or other indicators, it's evident that the stock is trading near its long-term support on both monthly log and linear scale charts.
The current price level looks attractive, but the ₹80–₹70 range appears even more promising for long-term investment.
DELTACORPDELTACORP, watch above levels. redline is our SL.
DISCLAIMER : I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only.
Delta Corp forming a bottom. Delta Corp. Ltd. (India) engages in the business of gaming and entertainment. The firm owns and manages casinos in India. It operates through the following segments: Gaming, Online Skill Gaming, and Hospitality.
Delta Corp. Ltd. (India) CMP is 118.93. The Positive aspects of the company are Moderate Valuation (P.E. = 20.5), Company with No Debt, Company with Zero Promoter Pledge, The Negative aspects of the company are Increasing Trend in Non-Core Income, Declining Net Cash Flow : Companies not able to generate net cash, Companies with growing costs YoY for long term projects and De-growth in Revenue and Profit.
Entry can be taken after closing above 125.25. Targets in the stock will be 125, 129, 131 and 141. The long-term target in the stock will be 149 and 156. Stop loss in the stock should be maintained at Closing below 108 or 104 depending on your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Delta Corp Is on a verge to complete the WFundamentally the stock is strong and technically it is just starting to complete the W.
SWING IDEA - DELTACORPNSE:DELTACORP has been forming a Lower Low Pattern on the Price Action, while the MACD seems to be forming a Higher High Pattern currently, which could indicate that this stock's Price Action could be reversed and start to form a Higher Higher Pattern too.
In addition, Delta Corp Reports Q1 Consolidate Net Profit At 216.8 Mln.
If all is well, we can start seeing the Price going all the way up to the next Support/Resistance zone.
Delta Corp Ltd. - Daily Chart AnalysisThe daily chart of Delta Corp Ltd. reveals a potential breakout scenario from a consolidation pattern, offering a favorable risk/reward trade setup. The trade parameters are as follows:
Entry: Around 135.16 INR
Target: 172.95 INR (Potential upside: 27.97%)
Stop Loss: 123.08 INR (Potential downside: 8.94%)
Risk/Reward Ratio: Approximately 3.13:1
Delta Corp Ltd. has been trading within a descending triangle, a pattern typically considered bearish, but it appears to be finding support near the 122.46 INR level. The recent breakout above the upper trendline suggests a reversal could be underway, targeting the 172.95 INR level based on the Fibonacci extension. The increase in volume supports this bullish breakout. This setup presents an attractive opportunity for traders seeking a high-risk/reward trade as the price could continue to rally if it sustains above the breakout level.
DELTA CORPpositive div . Took support at .618% of previous rise trg of 144 once crosses 160 will show more power and 3rd may come into play.
DELTACORPHi guys,
In this chart i Found a Demand Zone in DELTACORP CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
Delta Corporation Trend Reversal Chances are HIGHin monthly TF delta corp is taking support from is monthy trend line and there is an event also which can be in favour of the company which is related to GST
DELTACORP Long term bullish Casino playOn bigger time frames, we can see a bullish wave pattern. We're in 4 out of 5. Wave 5 should be as big as wave 1 and coincides with our fib levels
Delta: Is the DeltaIf an unlisted Lottery King can give 1000's of crores, al the political parties are lap dog of such industry, then definitely its raking in moolah.
For Delta too, both technical & fundamental is getting rosy.
Keep an eye.
Delta corp is bottoming out Soon Delta Corp is Bottoming out soon irrespective of any news !!
Stock is near long term support of 90-100
Currently stock is in a falling channel and prices may continue to go down unless it don't breaks the upper resistance of the channel
Every time stock comes around long term support we can see huge upside of 200-250% in few months
Keep it in watchlist and take your own decisions !!
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
DELTACORP- AnalysisFor long term inventors only
Early entry range 150 to 170, Add more above 202
Conservative traders buy above 202 Stop loss of closing below 165
Strict Stop loss of closing below - 102
Trade plan for next levels - Book some profit around 196 and add more if come again around 180 and revise stoploss.
Long term Expected Targets 540 to 585 and 635 to 700
Please do your due diligence before trading or investment.
*Comment or message me if you wish to see my analysis for any stocks.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
[Basket] Delta Corp Buy IdeaNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
Deltacorp : GAP Filling Pending Deltacorp :
Approaching strong resistance, huge potential ahead to fill the GAP
DELTACORP WEEKLY CHARTDELTACORP WEEKLY CHART
Ellipse breakout @ 160 MOB @ 245-255 Support 120
This stock post a breakdown has hit the MOB & now it would act as support.
Fresh breakout @ 160, as a contra bet with MOB projected @ 245-255 levels.
Its only my observation & not any suggestion or recommendation.
Delta corp harmonic gartly pattern On weekly time frame gartly pattern and price may retest .
Also volume build up.
I'm take entry on this based on technical analysis ( Swing entry)
Sl-12/13%,
Target -30/33%
This is risky stock, because now company financial effect by 30% tax rule.
Before investing check financial also may it help you alot .
Delta Corp shows promising investment potential.Considering a stop loss at 122, potential targets for Delta Corp could be set at 154, 157, and 190, for educational purposes.
DELATCORP MONTHLY CHARTDELATCORP MONTHLY CHART
Cmp 137 Ellipse support @ 120-105
This stock has corrected to its long term ellipse support, time to look for contra bet.
Note: Ellipse calculated by mix of technical studies.
Its only an observation & not any suggestion.
DeltaCorp (Intraday)Targets for DeltaCorp(Intraday)
Buy above 142
Targets : 146-150-154-170
SL - 135
Please consult your financial advisor before investing
All research for educational purposes only.
Delta Corp prepping for a big moveDelta Corp has been consolidating after that insane GST news, and forming an inverse head and shoulders pattern....Any break above 160 with volume would signify a strong trend change...I have started investing little by little, my target is 450++, take positions at your own risk....
DELTACORP : A high-risk high-reward opportunityCurrently, I hold positions in this stock, which is deemed to be high-risk primarily due to regulatory concerns surrounding taxation. My current position size stands at 1.25%, leaving an additional 1.25% allocation to reach the maximum limit per stock according to my trade plan.
However, I am exercising caution and deferring the remaining allocation until I gain more clarity on the stock's future trajectory, considering the prevailing microeconomic conditions. The heightened risk, especially in the context of regulatory uncertainties, prompts a more prudent approach.
Analyzing the shareholding pattern, as per data from Tickertape, reveals a substantial reduction in stake by DIIs (Domestic Institutional Investors) and FIIs (Foreign Institutional Investors) from April to September. Notably, mutual funds and retail investors are the only entities showing sustained interest in the stock during this period. Despite this, the data fails to provide a comprehensive understanding of the overall market sentiment toward the stock.
Given these factors, I am closely monitoring the situation and will make further allocation decisions based on a more informed assessment of the stock's prospects and prevailing market dynamics.
The company is fundamentally very strong and has a moat-like nature. The business is highly profitable and enjoys a significant competitive advantage. However, recent regulatory concerns and tax-related issues are major drawbacks going forward.
As of now, I will be looking forward to gaining a bit more clarity on how the company plans to address these issues and how the government will respond to the concerns raised by the gaming industry. Once I have a clear idea, I will consider adding 1.25% more of my capital into the stock, bringing my total holding to 2.5%, as always. Otherwise, I will wait for a deeper market downturn to present a compelling value buying opportunity, ideally in the 40 to 50 range. Then, I will take a calculated risk with a comfortable margin of safety, allowing me to sleep soundly, with the hope that the company will resolve the issues it is facing at some point in time.
My previous posts regarding this stock is attached underneath this post. Do check those out.
