Delhivery Limited – Pullback to Golden Zone, Potential Upside
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.
Dagangan aktif
487.50 high T1- doneDagangan ditutup: sasaran tercapai
T:3 510 Hit Done here
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.