Don't Miss This Breakout Stock in your Watchlist for June 2023

Breakout stocks to add in your watchlist for June 2023:- Dear readers, Today I am back with back with a new Breakout stock you shouldn't miss from your Watchlist. Last week I have share some breakout stocks and got a huge response from the Readers and most of them gives good returns for you.  So today am giving "breakout levels for Delta Corp", buying levels and targets.

Please check the last post on KPRMILL, which is yet to given the breakout. So today we will explain the Delta Corp daily chart and you can see them below. Please follow this chart breakout levels for this stock and get profits as per your risk reward ratio. You may Join Our Telegram channel for live updates and intraday levels.

Have you read our post on Breakout Soon : Top Intraday Stocks Picks For The Day(08-06-2023)

About the stock Delta Corp

Lets know what exactly Delta Corp is doing. Delta Corp currently operates in gaming, Hospitality and online skill games. They have a 55% market share in the casino industry and have three main operations. It is the largest Indian company, the only listed company in casino gaming with 2000+ live gaming positions.  Most of the offshore casinos are located in Panaji, Goa.

 Also Delta Corp is almost Debt free and expected to give a good Quarter. Also stock is trading at 3 times of its book value and it may not effect this breakout. So definitely you can consider this for buying from our levels for intraday and short term holdings.

Latest Chart Analysis for Delta Corp 

We are doing chart analysis on Daily chart of the Delta Corp. why am choosing Daily chart because it will give More accurate results for my trading set up. Please the Given chart with Breakout levels marked below.

Daily chart for Delta Corp

when we come to chart we can understand that 234 is good support and stock moved 5% from that levels to reach the resistance range of  245 to 249. You can wait for this levels to break and consider buy for this stock to get good returns. So our breakout levels are above 249 for this stock. Now stock is trading at 245.40 on last day closing level. 

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Latest Targets and Stoploss for Delta Corp

What is the target you should consider for this stock? Targets can be different for different traders. But I will consider 1%,3%,5% targets for intraday or less than one week. For More Risk takers for holding for more time can consider targets of 256,270,290 levels or more. And stoploss can be considered below 230 levels. This is taken because we have a good support in 230 to 235 range.

Conclusion 

So, Today we have seen the Breakout levels, Chart analysis, Targets and Stoploss for Delta Corp for next week. Please Follow this levels and you can make small changes in targets as per your trading setup. Please Know the risk and buy this stock, All the levels provided are for study purpose and enter on this stock based on your risk. More Breakout Stocks are coming soon.