There is a shit for upside momentum in price looking forward it to target 198 or above psychological level of 200 rupees per share.
overall market is also bullish which supports the upside bias on this particular stock
Devyani International Ltd. is a multi-dimensional comprehensive quick service restaurant (QSR) player in India. The Company is primarily engaged in the business of developing, managing, and running QSR and food courts for brands such as Pizza Hut, KFC, Costa Coffee, Vaango, The Food Street etc., and retail stores of TWG Tea. Devyani International Ltd CMP is...
DEVYANI INTERNATIONAL LTD
There is possibility of uptrend continuation in the future. have given the strategies that I would go with for both short and long trades.
Expecting to reach Rs. 250 - 275 anywhere by year 2024
Note: Trade with caution! Do not trade solely based on my strategies, these are just individual ideas, kindly consult your investment advisor...
Greetings Folks,
today i have prepared a setup on DEVYANI on NSE
the setup is as follows
- the price is trending at all time high
- the volume is contradicting the price
- there is an imbalance to be filled
- we will not time the market to look for sells
better wait for a proper bearish structure
- price broke the previous high with good volume
dont play with...
Devyani: Long
Update for the chart posted on Feb-26th 2023.
Price moving as per the chart.
20-30% up move on the cards.
Note: Do your own due diligence before taking any action.
DEVYANI-It is travelling in a channel pattern. 174 is the 1st support if it breaks then it will go upto 165 . It should break 202 the 1st resistance to see a fast move. until then it will be traveling in a channel.
Disc- Only for learning purpose and not a trading recommendation.
DEVYANI- Seen a clean BO from the Trend Line. Also Retest done around 168 Range. That 168 retest range should be considered as Stop loss for the target towards 217 +
Disc- Only for Learning Purpose and not a trading recommendation.
