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

Delta Corp Limited

Symbol: NSE:DELTACORP

ISIN: INE124G01033

133.74

As on 2024-07-24

104.45 (52W Low) 204.45 (52W High)

DELTACORP's Today's Performance

Delta Corp Limited started the day by opening at 131.40 today 2024-07-24. Its shares reached a high of 135.30 and dipped to a low of 131.40 in intraday. When the markets closed, DELTACORP’s stock price settled at ₹133.74 per share. Also check out its key support and resistance levels.

DELTACORP Buy/Sell Targets

Tomorrow, buy DELTACORP when its price reaches ₹ 133.74 with a stop-loss order at ₹ 130.94. You can set the target price as ₹ 136.54 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 1 136
Tomorrow Down Target 2 137
Tomorrow Down Target 3 139

Important Levels for DELTACORP

Holding Levels Value in ₹
Tomorrow Up Target 1 132
Tomorrow Up Target 2 130
Tomorrow Up Target 3 128
Based on where the stock opens tomorrow, if DELTACORP opens on a positive note, our first target will be ₹136. If Target 1 is achieved, we will aim for Target 2 which is ₹137.

But if DELTACORP falls below the average value of ₹133.48, you can enter a sell side position with target number 1 - ₹132 and second target - ₹130 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 trend may continue to be bullish since stock is making higher highs and we can get target of ₹132 in morning tomorrow
Target 1 tomorrow135
Target 2 tomorrow136
Target 3 tomorrow137
 

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 ₹135.56. If Target 1 is achieved, we will aim for Target 2 which is ₹137.38.

But if DELTACORP falls below the average value of ₹133.48, you can enter a sell side position with target number 1 - ₹131.66 and second target - ₹129.58

DELTACORP's Weekly Targets
1st Up Target 137.91
2nd Up Target 142.09
1st Down Target 128.59
2nd Down Target 123.45

As the week for DELTACORP ended on bearish sentiments, we can expect further continuation of this sentiment. DELTACORP's initial target will be 137.91 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 128.59 in the upcoming week.

Weekly OHLC Values
Open 134.00
High 136.94
Low 127.62
Close 133.74

Week for DELTACORP started with an open price of 134.00, and the close was at 133.74. DELTACORP reached the highest of 136.94 and dipped lowest up to 127.62 last week. This indicates a bearish sentiment for the week.

DELTACORP full month swing targets
Monthly Up Target 1 147.23
Monthly Up Target 2 151.41
Monthly Down Target 1 119.27
Monthly Down Target 2 104.81

Targets of ₹147.23 can be expected to be reached in the coming month. Once DELTACORP achieved this target, we can aim for the next upside target of ₹151.41.

DELTACORP if fails to hold upside, down targets of ₹119.27 and ₹104.81 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
TATAMTRDVR Tata Motors Limited Auto Manufacturers
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 135.56 in tomorrow's trading session.

After achieving the initial target in DELTACORP, we will aim for higher targets of 137.38 tomorrow.

However, if DELTACORP starts to trade below ₹133.48, then we will shift our focus to the sell side and aim for down targets of 131.66 and 129.58.