DELTA CORPORATION
- As per previous report published on DELTA CORP, stock closed below its support @ 83, made a low around 77 and bounced bank, hence made a false breakout. (Click here to see previous report published on DELTA CORP).
- Now as per current technical analysis chart no1, Delta Corp moving up from strong trend line support and now heading for trend line resistance around 100, chart indicates once Delta Corp closes above 100 and stays above then looks bullish and for next few trading days we may see price rise. On upper side will find resistance around 108 and 112 as shown above.
- Also See - PNB has formed Triangle formation, sharp move expecting once PNB closes above trend line resistance.
- As per chart no2, Delta Corp is also facing golden ratio resistance around 100, closing above golden ratio indicates bullish breakout, and stock will find next resistance around 108 its recent top.
- Intraday tips - Close watch once delta starts trading above 100, if holds above during market hours then intraday bulls action is expecting.
- Also see - NIFTY FUTURES is moving in up channel pattern, will be favored by bulls.
- According to stock analysis chart no3, Delta Corp is facing 200 days moving average resistance , once starts trading above 200 DMA bulls will be favored.
- Click here to see all the free trading reports (tips) published by us on DELTA CORP.
- Stock market recommendations.
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