DELHIVERY - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.5

Here’s a detailed technical analysis of DELHIVERY

📊 Trend Overview

Current Trend: Strongly trending upward

Price is near its 52-week high (₹489), indicating bullish momentum.

RSI at 65.0 is in bullish territory, approaching overbought levels.

MACD at 6.93 shows a positive crossover, confirming upward momentum.

📈 Technical Indicators

Moving Averages

Price (₹484) > 50 DMA (₹449) > 200 DMA (₹387): Golden crossover confirmed

RSI (65.0)

Bullish zone. Momentum is strong but nearing exhaustion.

MACD (6.93)

Positive crossover. Momentum is accelerating.

Bollinger Bands

Price near upper band, suggesting strength but also short-term resistance.

Volume Trends

Current volume (24.56L) > 1-week average (18.10L): Strong accumulation

Indicates institutional interest and breakout potential.

🔍 Short-Term Momentum Signals

Bullish Bias

MACD and volume support continued upside.

RSI suggests momentum is strong but nearing overbought zone.

FII inflows (+0.96%) add to positive sentiment despite DII trimming.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 449 50 DMA, short-term base

Support 2 420 Previous swing low

Resistance 1 489 52-week high

Resistance 2 510 Psychological barrier

Resistance 3 540 Projected breakout target

🎯 Entry & Exit Zones

Optimal Entry: ₹450–₹470 (on dips near support)

Exit Zone: ₹510–₹540 (partial profit booking)

Aggressive Target: ₹560+ if breakout above ₹489 sustains with volume

🧭 Summary

Trend: Bullish and trending upward

Momentum: Strong, supported by MACD, RSI, and volume

Outlook: Favorable for short-term momentum trades; breakout above ₹489 could trigger next rally

Valuation: Very high P/E (153) vs industry (26.7), low ROE/ROCE, but improving profitability and strong technicals support continued upside

Let me know if you’d like a simulated trade setup or visual chart based on this analysis.

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