Techical Calls:BGR Energy and Delta Corp

BGR ENERGY

BGR on Hourly chart is trading in a channel and after touching the upper end of channel is now correcting and moved below 5 EMA.

Slow Stochastic has generated SELL. Once the cross over of 5 EMA and 20 SMA is completed @477 BGR becomes a SELL

Sell below 477 Tgt 471,463 and 455

IF upper trendline breached Stock could move as per below levels

Buy above 488 Tgt 495 and 505


Delta Corp

Hourly Chart

As seen from Hourly Chart Delta is approaching the cross over of 5 EMA and 20 SMA which will have bearish implication.

Slow Stochastic has generated SELL

On Daily charts stock has crossed over its 200 DMA with volume on Friday and corrected on monday but BULLS did not allowed it to close below 200 DMA.

Holding 200 DMA will give further strength to stock.

As per trendline stock is forming a formation of Higher lows and Upper end is capped @76.65

Only move above 76.65 will give furthur strength to stock.

Buy above 76.7 Tgt 78 and 79.4

Sell below 72.8 Tgt 71.6,70