Delhivery is showing a strong Inverse Head & Shoulders pattern on the weekly chart — a classic bullish reversal structure.
After spending months building a broad base, price is now attempting a decisive breakout above the critical neckline resistance near ₹480.
This level is crucial.
Pattern structure:
* Left Shoulder: Early 2024 consolidation
* Head: Major bottom near ₹235
* Right Shoulder: Healthy higher low formation
* Neckline: ₹480
A sustained breakout and weekly close above ₹480 could confirm the pattern and trigger a fresh uptrend.
Key levels to watch:
* Breakout zone: ₹480–500
* Support: ₹450
* Major invalidation: Below ₹400
Upside target: ₹720+ (~50% potential from breakout)
The bigger the base, the bigger the breakout tends to be. If volume supports this move, Delhivery could enter a strong momentum phase.
Disc: Not SEBI registered. For educational purposes only. Please manage risk.
✅ If you like my analysis, please follow me here as a token of appreciation :)
in.tradingview.com/u/lovishkhanduja/
After spending months building a broad base, price is now attempting a decisive breakout above the critical neckline resistance near ₹480.
This level is crucial.
Pattern structure:
* Left Shoulder: Early 2024 consolidation
* Head: Major bottom near ₹235
* Right Shoulder: Healthy higher low formation
* Neckline: ₹480
A sustained breakout and weekly close above ₹480 could confirm the pattern and trigger a fresh uptrend.
Key levels to watch:
* Breakout zone: ₹480–500
* Support: ₹450
* Major invalidation: Below ₹400
Upside target: ₹720+ (~50% potential from breakout)
The bigger the base, the bigger the breakout tends to be. If volume supports this move, Delhivery could enter a strong momentum phase.
Disc: Not SEBI registered. For educational purposes only. Please manage risk.
✅ If you like my analysis, please follow me here as a token of appreciation :)
in.tradingview.com/u/lovishkhanduja/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.