Delhivery Limited (DELHIVERY) Stock - Complete Technical Analysis - Sep 18, 2024

Delhivery (DELHIVERY) Stock Analysis: Key Support, Resistance & Technical Trends

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

Delhivery Limited (DELHIVERY) is currently trading at 426, which is about 13% below its 52-week high and 20% above its 52-week low. The technical indicators suggest a mixed outlook with some bullish signs but also caution. The RSI is in neutral territory, indicating balanced buying and selling pressures. However, the Stochastic and Stochastic RSI are in overbought conditions, which may suggest a potential pullback.

Support levels are observed around 415 and 400, while resistance levels are seen near 430 and 440. The Average Directional Index (ADX) is relatively low, indicating a weakening trend. The Awesome Oscillator and Commodity Channel Index (CCI) are showing positive momentum, but the Doji and Spinning Top patterns suggest market indecision, making it crucial to monitor price movements closely around these key levels.

Traders should keep an eye on the support at 415 and 400 for potential buying opportunities, while resistance at 430 and 440 could be crucial for potential selling or profit-taking. Given the mixed signals, it may be wise to wait for clearer trends before making significant trading decisions.