Friday, September 30, 2011

Go long in Delta Corp. @ 102 (30/09/2011, 10:55 a.m.)

Traders can take long position in Delta Corp at current price 102 with strict stop loss below 96.
It has came down from 115 level and made low near 96, we have experienced low volume with price depreciation. Its not bearish sign at all and its rallying today and crossed 50 DMA and EMA, we always think that crossing 5 DMA and EMA is more significant.

Lets see if it maintains its recent low 96 and how it moves towards 115, so our first target will be 115 and if it crosses it and sustain above this level then we can see 135-140 level in 2-3 months.

It is low risk trade as of now, so traders can go long in Delta Corp at current price 102 and please maintain strict stop loss in every trade, stop loss is for Delta Corp is around 96.

Happy Trading ....

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