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

Delta Corp Limited

Symbol: NSE:DELTACORP

ISIN: INE124G01033

119.96

As on 2024-11-08

104.45 (52W Low) 159.80 (52W High)

DELTACORP's Today's Performance

Delta Corp Limited started the day by opening at 118.50 today 2024-11-08. Its shares reached a high of 122.32 and dipped to a low of 116.51 in intraday. When the markets closed, DELTACORP’s stock price settled at ₹119.96 per share. Also check out its key support and resistance levels.

DELTACORP Buy/Sell Targets

Tomorrow, buy DELTACORP when its price reaches ₹ 119.96 with a stop-loss order at ₹ 117.44. You can set the target price as ₹ 122.49 to capture potential gains. This buy 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 1 123
Tomorrow Down Target 2 125
Tomorrow Down Target 3 128

Important Levels for DELTACORP

Holding Levels Value in ₹
Tomorrow Up Target 1 117
Tomorrow Up Target 2 114
Tomorrow Up Target 3 111
Based on where the stock opens tomorrow, if DELTACORP opens on a positive note, our first target will be ₹123. If Target 1 is achieved, we will aim for Target 2 which is ₹125.

But if DELTACORP falls below the average value of ₹119.60, you can enter a sell side position with target number 1 - ₹117 and second target - ₹114 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 Increasing 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 Upward path, giving us insights how its value changes in the market.

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

Tomorrow's Volume based share price Forecast for DELTACORP

DELTACORP's Volume is currently in a Increasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish 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 trend may continue to be bullish since stock is making higher highs and we can get target of ₹117 in morning tomorrow
Target 1 tomorrow122
Target 2 tomorrow123
Target 3 tomorrow125
 

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 ₹122.68. If Target 1 is achieved, we will aim for Target 2 which is ₹125.41.

But if DELTACORP falls below the average value of ₹119.60, you can enter a sell side position with target number 1 - ₹116.87 and second target - ₹113.79

DELTACORP's Weekly Targets
1st Up Target 124.09
2nd Up Target 128.23
1st Down Target 114.05
2nd Down Target 108.15

As the week for DELTACORP ended on bullish sentiments, we can expect further continuation of this sentiment. DELTACORP's initial target will be 124.09 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 114.05 in the upcoming week.

Weekly OHLC Values
Open 117.90
High 122.32
Low 112.28
Close 119.96

Week for DELTACORP started with an open price of 117.90, and the close was at 119.96. DELTACORP reached the highest of 122.32 and dipped lowest up to 112.28 last week. This indicates a bullish sentiment for the week.

DELTACORP full month swing targets
Monthly Up Target 1 134.13
Monthly Up Target 2 138.27
Monthly Down Target 1 104.01
Monthly Down Target 2 88.07

Targets of ₹134.13 can be expected to be reached in the coming month. Once DELTACORP achieved this target, we can aim for the next upside target of ₹138.27.

DELTACORP if fails to hold upside, down targets of ₹104.01 and ₹88.07 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 122.68 in tomorrow's trading session.

After achieving the initial target in DELTACORP, we will aim for higher targets of 125.41 tomorrow.

However, if DELTACORP starts to trade below ₹119.60, then we will shift our focus to the sell side and aim for down targets of 116.87 and 113.79.