Price and trend forecast of DELHIVERY for Tomorrow, Weekly, Monthly
Delhivery Limited
Symbol: NSE:DELHIVERY
ISIN: INE148O01028
411.45
As on 2024-09-06
DELHIVERY's Today's Performance
Delhivery Limited started the day by opening at 418.00 today 2024-09-06. Its shares reached a high of 427.60 and dipped to a low of 409.90 in intraday. When the markets closed, DELHIVERY’s stock price settled at ₹411.45 per share. Also check out its key support and resistance levels.
DELHIVERY Buy/Sell Targets
Tomorrow, sell DELHIVERY when its price reaches ₹ 411.45 with a stop-loss order at ₹ 416.71. You can set the target price as ₹ 406.19 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of DELHIVERY for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for DELHIVERY
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 423 |
| Tomorrow Down Target 2 | 434 |
| Tomorrow Down Target 3 | 440 |
Important Levels for DELHIVERY
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 405 |
| Tomorrow Up Target 2 | 399 |
| Tomorrow Up Target 3 | 387 |
Based on where the stock opens tomorrow, if DELHIVERY opens on a positive note, our first target will be ₹423. If Target 1 is achieved, we will aim for Target 2 which is ₹434.
But if DELHIVERY falls below the average value of ₹416.32, you can enter a sell side position with target number 1 - ₹405 and second target - ₹399 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of DELHIVERY
Looking at DELHIVERY, we've seen a Increasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, DELHIVERY has been on a Downward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for DELHIVERY is moderate bearish.
Tomorrow's Volume based share price Forecast for DELHIVERY
DELHIVERY's Volume is currently in a Increasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -56%.
Reversal detection for DELHIVERY
DELHIVERY may reverse its trend from upside (Short term bearish outlook) and we can get target of ₹419 in morning tomorrow
| Target 1 tomorrow | 423 |
| Target 2 tomorrow | 427 |
| Target 3 tomorrow | 434 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with DELHIVERY's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if DELHIVERY opens on a positive note, our first target will be ₹422.73. If Target 1 is achieved, we will aim for Target 2 which is ₹434.02.
But if DELHIVERY falls below the average value of ₹416.32, you can enter a sell side position with target number 1 - ₹405.03 and second target - ₹398.62
DELHIVERY's Weekly Targets
| 1st Up Target | 422.80 |
| 2nd Up Target | 434.15 |
| 1st Down Target | 405.00 |
| 2nd Down Target | 398.55 |
As the week for DELHIVERY ended on bearish sentiments, we can expect further continuation of this sentiment. DELHIVERY's initial target will be 422.80 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 405.00 in the upcoming week.
Weekly OHLC Values
| Open | 423.35 |
| High | 427.70 |
| Low | 409.90 |
| Close | 411.45 |
Week for DELHIVERY started with an open price of 423.35, and the close was at 411.45. DELHIVERY reached the highest of 427.70 and dipped lowest up to 409.90 last week. This indicates a bearish sentiment for the week.
DELHIVERY full month swing targets
| Monthly Up Target 1 | 440.60 |
| Monthly Up Target 2 | 451.95 |
| Monthly Down Target 1 | 387.20 |
| Monthly Down Target 2 | 362.95 |
Targets of ₹440.60 can be expected to be reached in the coming month. Once DELHIVERY achieved this target, we can aim for the next upside target of ₹451.95.
DELHIVERY if fails to hold upside, down targets of ₹387.20 and ₹362.95 can be achieved by end of this month.
For complete three weeks if DELHIVERY is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as DELHIVERY
| Symbol | Name | Industry |
|---|---|---|
| LT | Larsen & Toubro Limited | Engineering & Construction |
| ADANIPORTS | Adani Ports and Special Economic Zone Limited | Marine Shipping |
| HAL | Hindustan Aeronautics Limited | Aerospace & Defense |
| SIEMENS | Siemens Limited | Specialty Industrial Machinery |
| BEL | Bharat Electronics Limited | Aerospace & Defense |
Summary
DELHIVERY is expected to reach the target of 422.73 in tomorrow's trading session.
After achieving the initial target in DELHIVERY, we will aim for higher targets of 434.02 tomorrow.
However, if DELHIVERY starts to trade below ₹416.32, then we will shift our focus to the sell side and aim for down targets of 405.03 and 398.62.