Stock: Delhivery Limited
Timeframe: 1D
CMP: ₹435
Technical Overview
Delhivery recently witnessed a strong impulsive rally from the ₹374 zone to ₹459, followed by a healthy pullback into the Fibonacci retracement levels.
Price corrected into the 0.5–0.618 Fibonacci zone (₹416–₹406), which is typically considered the golden demand zone. The stock has shown buying interest near this support area and bounced back toward ₹435.
Key observations:
✅ Respecting the rising trendline support
✅ Holding above 0.5 Fib retracement
✅ Strong bullish volume during impulsive leg
✅ No major breakdown structure yet
This suggests the correction may be a bullish continuation pullback rather than a trend reversal.
📊 Key Levels
Immediate Support: ₹420–₹416 (0.5 Fib zone)
Strong Support: ₹406 (0.618 Fib)
Swing Support: ₹374
Immediate Resistance: ₹459 (recent high)
Next Resistance Targets:
₹488
₹511
🎯 Trade Plan (Positional Swing Setup)
Strategy: Accumulation on dips
Add small quantity near ₹425–₹420
Add more near ₹416–₹406 (golden zone)
Targets:
T1: ₹459
T2: ₹488
T3: ₹510+
Risk-reward looks favorable if price sustains above the 0.618 retracement level.
📌 Structure Bias
As long as the stock holds above ₹406, the structure remains bullish with potential for higher highs. A breakout above ₹459 with volume can trigger fresh momentum toward ₹488–₹511 levels.
Timeframe: 1D
CMP: ₹435
Technical Overview
Delhivery recently witnessed a strong impulsive rally from the ₹374 zone to ₹459, followed by a healthy pullback into the Fibonacci retracement levels.
Price corrected into the 0.5–0.618 Fibonacci zone (₹416–₹406), which is typically considered the golden demand zone. The stock has shown buying interest near this support area and bounced back toward ₹435.
Key observations:
✅ Respecting the rising trendline support
✅ Holding above 0.5 Fib retracement
✅ Strong bullish volume during impulsive leg
✅ No major breakdown structure yet
This suggests the correction may be a bullish continuation pullback rather than a trend reversal.
📊 Key Levels
Immediate Support: ₹420–₹416 (0.5 Fib zone)
Strong Support: ₹406 (0.618 Fib)
Swing Support: ₹374
Immediate Resistance: ₹459 (recent high)
Next Resistance Targets:
₹488
₹511
🎯 Trade Plan (Positional Swing Setup)
Strategy: Accumulation on dips
Add small quantity near ₹425–₹420
Add more near ₹416–₹406 (golden zone)
Targets:
T1: ₹459
T2: ₹488
T3: ₹510+
Risk-reward looks favorable if price sustains above the 0.618 retracement level.
📌 Structure Bias
As long as the stock holds above ₹406, the structure remains bullish with potential for higher highs. A breakout above ₹459 with volume can trigger fresh momentum toward ₹488–₹511 levels.
Trade attivo
487.50 high T1- doneTrade chiuso: obiettivo raggiunto
T:3 510 Hit Done here
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.