Delta Corp outlook next week august 21 2012 : Delta Corp had found resistance from its declining trend line (as shown in the weekly chart). Currently, the stock is also trading above its cluster of moving averages and closed at a declining trend line. The momentum indicators are in rising trajectory, which is also a bullish sign.
We recommend traders to go long now and on dips up to Rs 63-63.50 with a stop loss placed below Rs 61.80 levels for the targets of Rs 68.50 / 70 / 71.20
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