casino company in india : delta corp share view 2015

delta corp share price short term technical view

Delta corp share price today trading at 70.75 with 3% loss. Stock in in downtrend on daily chart and momentum is also bearish. Stock is trading below short term averages with lower tops and bottom cycle. 76.5 is 1 month average and first resistance level for short term then 81.1 is 3 month average and next major resistance on daily chart. On downside 66 and 60 rupee are support zones and target levels if downtrend continues. Daily chart indicators are bearish and oversold. Traders below 72 rupee on closing basis keep negative view and expect targets of 66 and possibly 60 rupee in next 1 to 3 months period.

delta corp share price medium term technical view

Delta corp share last week closed with heavy loss. That was second weekly loss for this stock. Weekly chart price trend and momentum both are bearish. Fresh sell signal was seen on weekly chart suggesting deep downside for stock in next 3 to 6 months period. On weekly chart, Delta corp share resistance levels are 80 and 84 rupees. On downside 64 and then 55 rupee are long term support and target zones in current situation. Below 80 rupee stock will remain avoid from medium to long term trading perspective.

delta corp share price long term technical view

Delta corp share in last 6 month down by 23% plus and major underperformer as compared to market. As per my chart data, Delta corp share all time low was at 16 rupee in 2008 crash. While Delta corp share all time high was at 950 before 2008 crash. Delta corp share fundamentally looks expensive at current level. If on any major correction comes around 30 rupee then one can think of buying this stock for price targets of 70 to 100 rupee with 3 to 5 years view.

Delta Corp Ltd company description

Delta Corp Limited is a India-based company which is engaged in gaming and hospitality. The Company offers 2,000 gaming positions. The Company owns three offshore casinos in Goa. The Company’s casinos include Deltin Royale and Deltin JAQK. Deltin Royale is a live offshore gaming vessel. The ship has 1500 gaming positions across 116 tables and 250 slot machines. The ship is a four-level casino which also has an in-house dining and entertainment restaurant, Vegas and a lounge, Whiskys. It also offers private gaming suites for guests. Deltin JAQK is a live offshore gaming casinos with 500 gaming positions. It offers games, live entertainment daily, and gaming areas. The casino is also equipped with a helipad, and is serviced by high speed feeder boats from multiple jetties. The casino also houses a creche and playroom for children, an Aquabar, and 2 VIP suites. The Company owns two hotels in Goa namely, Deltin Palms and Deltin Suites and a hotel in Daman, namely, The Deltin.

delta corp share fundamental ratios

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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