Delta corp

Bullish on Delta corp.

CMP :- 245
RSI:- Taking support on 60
Stock crossed 245 level on September 2021 touched 300 came back, again attempted but failed in Dec 2022 came down but didn't break its previous low which was around 160. Today again stock crossed 245 level with good volume.
Volume analysis:- Delivery volume today was more than 11 lakh as compared to a daily average of 3-4 lakh.
Stock is expected to give a good move again.

Strict Stop loss- 232
Entry for safe traders would be above 250 risky traders can start to accumulate from CMP.
Let's together embrace the journey of this stock!!

Disclaimer:- This is not any buy or sell recommendation, this analysis is just for educational purposes. Take any buy or sell call only after consulting with your financial advisor.

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