NSE: DELHIVERY is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 12% to 20% gain on...
The current monthly chart is showing a perfect price-action for value-investing. The main advantage why we should consider reversal trading as our best-shot strategy is a good risk-to-reward ratio. The XABCD patterns for the current impulse wave helps us to find out the potential long term targets for the scrip.
Delhivery will be a beneficiary of PM Gati Shakti National Master Plan (Capacity Building in Logistics Sector).
Fundamentals:
delivered highest ever Operating Profit of 109 Cr in Q3 FY24.
The company turned profitable with a positive profit of Rs.12 Cr against loss of 73 Cr in same qtr last year.
~50% incremental gross profit in transport business
Revenue...
DELHIVERY-EQ
-Strong Breakout Candidate
-Cup & Handle Pattern Breakout
-Strong Volume Buildup
Entry 🟢: Above 479
Target 🎯: 550, 610 ++
Stop loss 🔴: 405 WCB
Remark: Short Term
⚠️ Disclaimer : Chart & Levels are for educational purposes. Trade according to your Risk or consult with your Finance Advisor.
Fundamentally good stock,
For long term investment.
Reset chart for clear view.🔃
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Entry: 422
target: 473 - 490
sl: 405 - 400
major stoploss/ support: 389
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Enter only after breaking " Yellow box" mentioned.
Or else wait for some time.
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;good for long term investment.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency💹
Refer...
My observation is that the new age startup stocks have rallied in the past few days, eg. Nykaa, Paytm, Zomato.
Now, it might be time of Delhivery stock to breakout and rally.
The stock has formed a clear inverted head and shoulder pattern with 380 as its neckline.
403 is a minor resistance after which the stock can rally uptil 450-460.
If the stock retraces...
Chart -> Delhivery Daily
Breakout and Retest done!
CMP: 419
Good Range To Buy: 400 to 420
Targets: 468, 510, 550
SL: 395 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
Based on the Daily Chart of DELHIVERY , it seems that the price of a particular security has reached a bottom and is showing signs of a reversal. This reversal is indicated by the breaking upward of the price after a period of uncertainty or consolidation.
The pattern known as a Bottom Triangle, consists of two converging trendlines. The upper trendline...
DELHIVERY is forming HH and HL. Also Selling volume is reduced at lower levels. Expecting a volume spike in coming days. You can keep eye on it. One can add in the marked zone between 340-360. Stop loss will be close below the rising trendline
Delhivery Ltd , India's Popular Supply Chain and logistic company , with a Market Capitalization of More than 24,000 Cr seems to be ready for a reversal trend. Since , Jan 2023 , it is making support for the second time now. Going with the Elliott Wave theory , as shown in the chart , the stock is entering into the 3rd Wave of the uptrend , which is supposed...
This stock has given good breakout on daily time frame along with positive divergence in RSI along with macd positive crossover.
Also possible Elliott wave counts are suggesting same bias, one can go long with strict stop loss of swing low of 289.90
Overall chart along with possible Elliot wave counts
macd positive
rsi breakout and rsi positive divergence
...
Stock Name - Delhivery Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at CMP
and more bullishness will be visible once it's cross 683.
#This is not Buy and Sell recommendation to any one. This is for education purpose...
