HDFC Securities has given buying advice on Rakesh Jhunjhunwala’s portfolio stock, the share price will increase in 3 months.

HDFC Securities has given buying advice on Rakesh Jhunjhunwala’s portfolio stock, the share price will increase in 3 months.

finance914000-min
finance914000-min

This stock in Rakesh Jhunjhunwala’s portfolio has gained 76% in one year.

The share of Delta Corp has shown a breakout from the rectangle pattern. The stock corrected and stalled near the 250 levels after making a recent high on January 14, 2022. Which indicates a strong demand zone on the weekly chart. Domestic brokerage and research firm HDFC Securities has said so in its report.

The brokerage firm’s report said that the stock recently broke out of the rectangle pattern on the daily time frame, which suggests that the stock may resume its previous uptrend. Apart from this, it has jumped from its crucial support level.

HDFC Securities said “Delta Corp stock has also taken multiple support near the lower band of Bollinger Bands on the daily chart. Relative strength index (RSI) (14) on the daily chart has taken support at 40 levels and is now moving upwards. Positive divergence is seen on MACD (moving average convergence divergence) histogram The

332-350

for a period of three months. In this, they have also placed a stop loss at Rs 284. Delta Corp stock The stock has shown a gain of more than 75% in a span of one year, while it has gained over 17% in the year so far (Year-to-Date or YTD) in 2022.

Delta Corp Ltd. is the largest casino (live, electronic and electronic online) gaming business. This company was started as a textile and real estate consultancy company in 1990. Later the company also started doing business in diversified sectors like casino gaming, online gaming, hospitality and real estate base

Indian veteran investor and stock market trader Rakesh Jhun as per the recent shareholding pattern onJhunwala and his wife Rekha Jhunjhunwala hold 4.31% and 3.18% respectively in the company.

(Disclaimer: The views and investment advice given on moneycontrol.com are the personal views and opinions of investment experts. Moneycontrol advises the users to consult a certified expert before making any investment decision. )

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