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Price and trend forecast of DELTACORP for Tomorrow, Weekly, Monthly

Delta Corp Limited

Symbol: NSE:DELTACORP

ISIN: INE124G01033

120.35

As on 2024-04-19

110.10 (52W Low) 259.95 (52W High)

DELTACORP's Today's Performance

Delta Corp Limited started the day by opening at 120.55 today 2024-04-19. Its shares reached a high of 121.10 and dipped to a low of 118.55 in intraday. When the markets closed, DELTACORP’s stock price settled at ₹120.35 per share. Also check out its key support and resistance levels.

DELTACORP Buy/Sell Targets

Tomorrow, sell DELTACORP when its price reaches ₹ 120.35 with a stop-loss order at ₹ 121.68. You can set the target price as ₹ 119.03 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of DELTACORP for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for DELTACORP

Downside Targets Value in ₹
Tomorrow Down Target 1 121
Tomorrow Down Target 2 123
Tomorrow Down Target 3 124

Important Levels for DELTACORP

Holding Levels Value in ₹
Tomorrow Up Target 1 119
Tomorrow Up Target 2 117
Tomorrow Up Target 3 116
Based on where the stock opens tomorrow, if DELTACORP opens on a positive note, our first target will be ₹121. If Target 1 is achieved, we will aim for Target 2 which is ₹123.

But if DELTACORP falls below the average value of ₹120.00, you can enter a sell side position with target number 1 - ₹119 and second target - ₹117 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of DELTACORP

Looking at DELTACORP, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, DELTACORP has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for DELTACORP is moderate bearish.

Tomorrow's Volume based share price Forecast for DELTACORP

DELTACORP's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -51%.

Reversal detection for DELTACORP

Predicted trend chart of DELTACORP tomorrow for price forecast
DELTACORP may reverse its trend from downside (Short term bullish outlook) and we can get target of ₹122 in morning tomorrow
Target 1 tomorrow121
Target 2 tomorrow122
Target 3 tomorrow123
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with DELTACORP's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if DELTACORP opens on a positive note, our first target will be ₹121.45. If Target 1 is achieved, we will aim for Target 2 which is ₹122.55.

But if DELTACORP falls below the average value of ₹120.00, you can enter a sell side position with target number 1 - ₹118.90 and second target - ₹117.45

DELTACORP's Weekly Targets
1st Up Target 123.38
2nd Up Target 126.42
1st Down Target 117.93
2nd Down Target 115.52

As the week for DELTACORP ended on bearish sentiments, we can expect further continuation of this sentiment. DELTACORP's initial target will be 123.38 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 117.93 in the upcoming week.

Weekly OHLC Values
Open 124.00
High 124.00
Low 118.55
Close 120.35

Week for DELTACORP started with an open price of 124.00, and the close was at 120.35. DELTACORP reached the highest of 124.00 and dipped lowest up to 118.55 last week. This indicates a bearish sentiment for the week.

DELTACORP full month swing targets
Monthly Up Target 1 128.83
Monthly Up Target 2 131.87
Monthly Down Target 1 112.48
Monthly Down Target 2 104.62

Targets of ₹128.83 can be expected to be reached in the coming month. Once DELTACORP achieved this target, we can aim for the next upside target of ₹131.87.

DELTACORP if fails to hold upside, down targets of ₹112.48 and ₹104.62 can be achieved by end of this month.

For complete three weeks if DELTACORP is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as DELTACORP

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MARUTI Maruti Suzuki India Limited Auto Manufacturers
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TATAMOTORS Tata Motors Limited Auto Manufacturers
TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

DELTACORP is expected to reach the target of 121.45 in tomorrow's trading session.

After achieving the initial target in DELTACORP, we will aim for higher targets of 122.55 tomorrow.

However, if DELTACORP starts to trade below ₹120.00, then we will shift our focus to the sell side and aim for down targets of 118.90 and 117.45.