DELHIVERY - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 20 Dec 25, 03:54 pm

Technical Rating: 2.7

📊 Technical Analysis

• Chart Patterns: Price (406 ₹) is below both 50 DMA (428 ₹) and 200 DMA (410 ₹), showing weakness.
• Moving Averages: Bearish bias as price trades under short-term and long-term averages.
• RSI: 40.6 → weak momentum, close to oversold territory.
• MACD: -9.40 → bearish crossover, confirming downward pressure.
• Bollinger Bands: Price near lower band, suggesting oversold conditions and potential rebound.
• Volume Trends: Current volume (11.2 Lakh) is below 1-week average (12.5 Lakh), showing reduced participation.

📈 Momentum & Signals

• Short-term Momentum: Bearish bias with weak RSI and negative MACD.
• Support Zones: 400 ₹ (near-term), 370 ₹ (strong support), 350 ₹ (major support).
• Resistance Zones: 428 ₹ (50 DMA), 450 ₹ (psychological), 490 ₹ (recent high).
• Optimal Entry: 400–370 ₹ range if RSI dips closer to 35.
• Optimal Exit: 428–450 ₹ range unless breakout above 490 ₹.
• Trend Status: Stock is trending downward with oversold signals; possible consolidation near support levels.

✅ Positive

• DII holdings increased (+2.45%), showing strong domestic institutional confidence.
• Quarterly profit variation improved significantly (+216%).
• Low debt-to-equity ratio (0.15) indicates financial stability.

⚠️ Limitation

• Price trading below both 50 DMA and 200 DMA, showing weakness.
• High P/E (109) compared to industry PE (24.5), indicating stretched valuation.
• ROCE (2.71%) and ROE (1.78%) are very weak, showing poor efficiency.

📉 Company Negative News

• PAT dropped from 114 Cr. to 61.2 Cr. in the latest quarter.
• FII holdings decreased (-1.30%), showing reduced foreign investor confidence.
• No dividend yield (0.00%), limiting shareholder returns.

📈 Company Positive News

• DII holdings increased significantly, balancing FII outflows.
• Quarterly profit variation showed strong improvement despite earnings decline.
• Debt levels remain low, providing financial flexibility.

🏭 Industry

• Industry PE at 24.5, much lower than company PE (109), suggesting Delhivery trades at a steep premium.
• Logistics and supply chain sector remains competitive with growth potential but margin pressures.

🔎 Conclusion

• Stock is in a downtrend with weak technical signals and oversold RSI suggesting possible short-term bounce.
• Best entry near 400–370 ₹; exit near 428–450 ₹ unless breakout above 490 ₹.
• Long-term investors should be cautious due to stretched valuations and weak profitability despite sector growth potential.