Turining Bullish: Devyani International

26 באוג׳

Devyani International has broken the BoX pattern.
The stock has shown Strong Momentum: Price above short, medium, and long term moving averages
It has demonstrated good quarterly growth in recent results
Brokers have revised the target recently.
Companies with rising net profit margins - quarterly as well as TTM basis

25 באוק׳

עסקה פעילה

Devyani International decisively broke the resistance levels of 179 and 194 in Sept 2024.
The box pattern was broken and tested the next resistance level of 223 on 23 Sept 2024.
Since then, it has been in a downtrend.
The key support levels (previously resistance) of 194 and 179 were broken.
Currently, it is trading just above the important support level of 161.
Support Levels: 161, 145
We can expect a buying opportunity if these support levels are respected in weekly closings.