DELHIVERY - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.0

Here’s a focused technical breakdown of Delhivery Ltd., with short-term trade signals and chart momentum cues

📈 Trend Overview

Current Price: ₹422

Trading well above 50 DMA (₹387) and 200 DMA (₹354) → signals a strong bullish trend

Price action forming higher lows, pushing toward 52-week high of ₹449

Likely in an upward continuation phase, momentum intact with bullish technicals

📊 Momentum Indicators

RSI: 58.5

Trending upward, nearing 60 → bullish zone, but still has upside room

MACD: 14.6

Strong bullish crossover → confirms ongoing momentum

Volume: ₹27.5L vs avg ₹27.4L

Healthy, steady volume → reflects sustained interest at current levels

💹 Moving Averages

Indicator Level (₹) Signal

50 DMA 387 Minor support

200 DMA 354 Major support base

Both averages are ascending, reinforcing the bullish bias.

📎 Bollinger Bands

Price likely approaching the upper band, confirming upside momentum

Bands expanding → indicates growing volatility, room for potential breakout

📍 Key Trading Zones

Zone Type Price Range (₹) Strategy

Entry Zone 405–415 Accumulate on dips above DMA support

Resistance 445–455 Watch for breakout → possible rally zone

Exit Target 470–490 Post-breakout swing zone

Support Zone 385–395 Critical re-entry area if trend cools

📌 Additional Insights

FII Hold ↑ 0.96% → foreign investor confidence building

DII Hold ↓ 0.44% → slight domestic caution

PAT up 235% QoQ → major earnings turnaround adds fuel to technical rally

High P/E (188) and PEG: 6.43 → overvaluation risk, caution near resistance

Low debt (0.15) → financially flexible base

ROCE & ROE below 3% → fundamentals still catching up despite market optimism

🧭 Conclusion

Delhivery is in a trend continuation phase, supported by bullish MACD, favorable RSI, and strong DMA alignment. Earnings improvement and rising foreign interest amplify momentum. Short-term traders may target ₹470+ on volume breakout past ₹455, with dip-buying near ₹405 offering a risk-managed entry. Just keep an eye on valuation froth.

Want to see how this setup looks on a real-time price channel or map breakout zones with trendlines?

Edit in a page