Search
+
    Invest with Confidence. Lead with Insights.
    • Drench in the knowledge with exclusive insights, ePaper & smart market tools with ETPrime.

    Stock Radar: Delhivery takes support above 200-EMA; buy if you have medium-term time horizon

    Synopsis

    Delhivery stock consolidates near a 52-week high, showing potential for an upward trend. Short-term traders aim for 600 levels, while medium-term investors watch the bullish signals. Expert recommendations guide the investment approach, emphasizing risk management.

    Delhivery, part of the logistics solution provider industry, has been consolidating in a narrow range after it hit a fresh 52-week high in February 2024.The stock bounced back after retesting the 200-Day Exponential Moving Average in March 2024. The momentum also helped the stock to break out from the upper trendline of a triangle formation on the daily charts.Short-term traders with high-risk profiles can look to buy the stock for a target of
    • FONT SIZE
    • SAVE
    • PRINT
    • COMMENT
    ET

    Uh-oh! This is an exclusive story available for selected readers only.

    Worry not. You’re just a step away.

    Why ?

    • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

    • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

    • Clean experience with
      Minimal Ads
    • Comment & Engage with ET Prime community
    • Exclusive invites to Virtual Events with Industry Leaders
    • A trusted team of Journalists & Analysts who can best filter signal from noise
    • ​Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-​

    The Economic Times