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DEVYANI--- POSITIONAL BUY

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DEVYANI , stock pick as positional buy due to technical bullish indication on Hourly chart.!! one can have buy position at cmp 171-172 for short term target 185-190 ( 8-10 days ) around 10-20% profit margin .!!

BULLISH TECHNICAL INDICATORS.

>> STOCK has at trend line support,as well as at 200 SMA support on hourly chart,
>> Stock has bullish breakout at trend-line
>> trend-reversal signal seen on chart MA ADX turn green.

BUY DEVYANI International @171.80

TARGET 185-190

Stop Loss 160

*** PLEASE Do own study and analysis ..hope this idea will help your anlysis. !! take call at own risk.!!

WISH YOU HAPPY TRADING !!

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one more positive indication found at closing, bullish doji candle formation on daily chart...which indicate possible trend reversal after correction. !

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DEVYANI strong support 163-165 level from this level bounce back expected .!!

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WISH ALL ..HAPPY NEW YEAR !! 2022

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DEVYANI consolidating at trendline ..bottom is made at 163-165 now up movement will start. !

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DEVYANI RUNNING UP with bullish momentum 177.50 today. --05/01/2022

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Devyani International 4% up today at 181.50 . - 07/01/2022

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1st TARGET 185- HIT...Devyani International. !!