Devyani: Looks like its Pizza Hut time!
Hey there, Welcome back to a new case study.
Here is everything you need to know about
DEVYANI
:
- Devyani had a tepid journey so far since its IPO.
- The price stayed in a 50 point range for the last 20 months
- It defined support and resistance zones that were actually respected. Both bulls and bears have been trapped by the break of zones a.k.a. False breakout
- For the past 2 months, the price is consolidating at the resistance zone which is a huge plus
- The small bodies and big wicks show clear indecision. The volumes dried out during this phase. That usually happens when the price consolidates.
- It also has a 200 psychological level adding to its resistance
- Do give us a 🚀 for our efforts as it takes a lot of time to compile these pointers
- Stock is trading at 24.3 times its book value while the stock PE stands at 116
- A quick PE comparison at the same price point shows that the stock has gotten expensive (This is relevant if you invest with a long-term perspective. Trading is a game of momentum)
- A good close and sustenance above the resistance zone can bring momentum on the upside.
What do you think will happen next?
Have Requests, Insights, or Questions? Let us know in the comments below.👇
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
Here is everything you need to know about
DEVYANI
: - Devyani had a tepid journey so far since its IPO.
- The price stayed in a 50 point range for the last 20 months
- It defined support and resistance zones that were actually respected. Both bulls and bears have been trapped by the break of zones a.k.a. False breakout
- For the past 2 months, the price is consolidating at the resistance zone which is a huge plus
- The small bodies and big wicks show clear indecision. The volumes dried out during this phase. That usually happens when the price consolidates.
- It also has a 200 psychological level adding to its resistance
- Do give us a 🚀 for our efforts as it takes a lot of time to compile these pointers
- Stock is trading at 24.3 times its book value while the stock PE stands at 116
- A quick PE comparison at the same price point shows that the stock has gotten expensive (This is relevant if you invest with a long-term perspective. Trading is a game of momentum)
- A good close and sustenance above the resistance zone can bring momentum on the upside.
What do you think will happen next?
Have Requests, Insights, or Questions? Let us know in the comments below.👇
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
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Beautiful consolidation at the resistance zone!
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Devyani on Fire 🚀🚀
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Another 6% booster
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Back to the value area. Will it bounce back or get back into the Range? It is one expensive valuation as mentioned in the analysis.
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The Support is holding up
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Almost 5% up today
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Bear trap worked like a charm
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Back in the zone
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Long Wicks.
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