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Home » CHART IDEA – Delta Corp, ‘The casino is ready for big bet’.

CHART IDEA – Delta Corp, ‘The casino is ready for big bet’.

Delta Corp Target Booked

 

CHART IDEA- DELTA CORP

 

After a long downtrend, Delta Corp has given a sharp breakout on the weekly chart and looks highly bullish. After lockdown, the business of the company starts and we are expecting a good recovery in near future. We have seen a daily close above its major resistance with strong volume in the last trading session.

The stock has major resistance at 125-120 and it has closed above the neckline. Traders can enter on dips around 123-120 levels. We will expect a sharp upside move till 142 and then to 155 levels in days to come. Momentum indicator RSI and MACD supports our bullish view in this stock.

Major support around 100, break and close below 100 will negate our bullish view in this stock.

 

Trade Recommendation on Delta Corp.

Buy Delta Corp around 123-120 for the upside target of 142 and 155 levels in days to come. Put Stop loss below 100 on a closing basis.

Deta Corp Stock Update

 

Our Chart Idea of Delta Corp hit both targets. Made a high of 154.50 (on 03rd Dec 2020)

Gain of more than 25% in just single scrip. Book profit as per given levels.

Still stock is looking good for further upside move.


Keep following our Chart Ideas. Stay connected and keep minting money from market.

 

 

 

 

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