DELTA CORP ; TOMORROW'S MARKET PREDICTION

BUY DELTACORP FUT 2 LOTS ABOVE 181.20 TARGET 184.2/186.2 SL 178.7
SELL DELTACORP FUT 2 LOTS BELOW 180.60 TARGET 177.6/175.6 SL 183.1
Delta Corp share price is currently trading in  170 to ₹200 range and it looks weak on chart. Delta Corp share price has been nose diving after climbing to its 52-week high of  339.70 levels on NSE in April 2022. This Big bull-backed stock closed at 174.65 apiece levels, close to its 52-week low of 165. According to stock market experts, fundamentally Delta Corp is a strong company to look at because its online gaming business is on rise and is expected to further gain momentum. However, on technical chart pattern, the stock looks weak and it may continue to go down for some time.

Online gaming is gaining fame in India during the covid time. Delta’s adda 52.com a leader in online poker has greatly benefited from this trend they would be able to maintain 60-70% of online poker market share going forward in India. It has maintained leadership and market share despite high spending on marketing and promotional activity by global players such as Poker Stars in India. Expect meaningful growth for Adda 52.com multiple new users get introduced to online gaming, Also, industry reports indicate mobile or online gaming growth is likely to be sustained going forward. Overall structure of Delta Corp shares look weak. Currently, it has support at around 170 levels and resistance placed at 200 apiece levels. One should buy only when Delta Corp sustains above 200 levels.
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