Delhivery Ltd Technical Momentum Shifts Amid Mixed Indicator Signals

Technical Trend and Price Movement Overview

Delhivery’s current price stands at ₹431.00, down from the previous close of ₹436.10, with intraday trading ranging between ₹423.85 and ₹436.25. The stock remains below its 52-week high of ₹489.95 but comfortably above the 52-week low of ₹236.80, reflecting a recovery trajectory over the past year. The shift from a sideways to a mildly bullish technical trend indicates growing positive momentum, albeit cautiously.

MACD Signals: Divergent Weekly and Monthly Perspectives

The Moving Average Convergence Divergence (MACD) indicator reveals a bullish signal on the weekly chart, suggesting upward momentum in the near term. However, the monthly MACD remains mildly bearish, indicating that longer-term momentum has yet to fully confirm a sustained uptrend. This divergence highlights the importance of monitoring both short- and long-term trends before making decisive investment decisions.

RSI and Bollinger Bands: Mixed Momentum Indicators

The Relative Strength Index (RSI) on both weekly and monthly timeframes currently shows no clear signal, implying that the stock is neither overbought nor oversold. This neutral RSI reading suggests that price momentum could swing in either direction depending on upcoming market catalysts.

Conversely, Bollinger Bands provide a more optimistic outlook. The weekly Bollinger Bands indicate a mildly bullish stance, while the monthly bands are outright bullish. This suggests that volatility is increasing with a positive bias, potentially signalling a breakout or sustained upward price movement in the medium term.

Moving Averages and KST: Contrasting Signals

Daily moving averages for Delhivery currently indicate a mildly bearish trend, suggesting some short-term selling pressure or consolidation. This contrasts with the weekly and monthly KST (Know Sure Thing) indicator, which is bearish on the weekly timeframe but bullish on the monthly. The KST’s monthly bullishness aligns with the Bollinger Bands’ positive outlook, reinforcing the possibility of a longer-term upward trend despite short-term weakness.

Dow Theory and On-Balance Volume (OBV): Mixed but Leaning Bullish

According to Dow Theory, the weekly trend is mildly bullish, while the monthly trend is mildly bearish. This again reflects the mixed signals from other indicators, underscoring the importance of cautious optimism. Meanwhile, the On-Balance Volume (OBV) indicator is bullish on both weekly and monthly charts, signalling that buying volume is outpacing selling volume, a positive sign for price momentum.

Comparative Returns: Delhivery vs Sensex

Delhivery’s recent returns have outpaced the broader market in several key periods. Over the past week, the stock declined by 3.77% while the Sensex gained 0.50%. However, over one month, Delhivery surged 6.21% compared to Sensex’s 0.79%. Year-to-date, Delhivery has returned 6.78%, outperforming the Sensex’s negative 1.16%. Over the last year, the stock’s impressive 51.57% gain dwarfs the Sensex’s 10.41% rise. Over three years, Delhivery’s 36.5% return trails slightly behind the Sensex’s 38.81%, but the stock’s shorter-term momentum remains strong.

Mojo Score and Ratings Update

Delhivery currently holds a Mojo Score of 47.0, with a Mojo Grade of Sell, upgraded from a previous Strong Sell rating on 27 Jan 2026. This upgrade reflects some improvement in technical and fundamental parameters, though the overall sentiment remains cautious. The company’s Market Cap Grade is 3, indicating a mid-tier market capitalisation within its sector.

Sector Context and Investor Considerations

Operating within the Transport Services sector, Delhivery faces both opportunities and challenges amid evolving logistics demands and competitive pressures. The mixed technical signals suggest that while momentum is building, investors should remain vigilant for potential volatility. The mildly bullish weekly indicators and positive volume trends offer some confidence, but the bearish monthly MACD and daily moving averages counsel prudence.

Outlook and Strategic Implications

For investors, Delhivery’s technical profile suggests a stock in transition. The shift to a mildly bullish trend combined with bullish volume indicators and positive monthly Bollinger Bands points to potential upside if momentum sustains. However, the presence of bearish signals on longer-term MACD and daily moving averages indicates that confirmation of a robust uptrend is still pending.

Given the stock’s strong year-to-date and one-year returns relative to the Sensex, Delhivery remains an intriguing candidate for momentum-focused portfolios, albeit with a cautious stance. Monitoring upcoming earnings, sector developments, and broader market conditions will be critical to assessing whether the current technical momentum translates into sustained price appreciation.

Summary

Delhivery Ltd’s technical parameters reveal a nuanced momentum shift. Weekly indicators such as MACD and OBV are bullish, supporting a mildly bullish trend, while monthly indicators present a more mixed picture with some bearish elements. The stock’s recent performance outpaces the Sensex over key periods, reflecting underlying strength. However, daily moving averages and certain monthly signals advise caution. Investors should weigh these factors carefully, balancing the potential for upside against the risk of short-term pullbacks.

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