Source: TradePoint, Definedge Securities
Delhivery's stock touched an all-time low of ₹236 in March 2025, forming a narrow range candle - a technical hint that selling pressure might be exhausting. When the market rebounded in April, Delhivery rode the wave with strength.
The stock has since climbed above ₹300, backed by the highest monthly trading volumes seen in years. This rising price with rising volume scenario often marks the early stages of a new bullish trend. It seems the delivery of returns for long-term believers might just be starting.
Vardhman Textiles is a leading textile conglomerate in India, with a strong presence in yarn, fabric, sewing threads, acrylic fiber, and garments. Known for quality and innovation, VTL has established a robust global footprint, catering to some of the biggest names in fashion and apparel.
A textbook example of Dow Theory in action, Vardhman Textiles has resumed its higher high-higher low structure on the monthly charts, indicating a strong primary bullish trend.
After a prolonged consolidation, the stock exploded upwards with three-year high volumes, a powerful validation of renewed bullish momentum. When volumes and price break out together after a long phase of dormancy, it usually signals a potential structural shift-one that patient investors can capitalize on.
Conclusion
Market volatility often provides the best opportunities, but only for those who can distinguish noise from signals. Tata Elxsi, Delhivery, and Vardhman Textiles have not just bounced back from 52-week lows; they are showing tangible signs of accumulation backed by strong volumes - an essential ingredient for a sustainable rally.
Watchlist them, track them - the next big move might already be brewing.
Disclaimer:
Note: We have relied on data from https://www.definedgesecurities.com throughout this article. Only in cases where the data was unavailable have we used an alternate but widely used and accepted source of information.
The purpose of this article is only to share interesting charts, data points and thought-provoking opinions. It is NOT a recommendation. If you wish to consider an investment, you are strongly advised to consult your advisor. This article is strictly for educative purposes only.
Brijesh Bhatia has over 18 years of experience in India’s financial markets as a trader and technical analyst. He has worked with UTI, Asit C Mehta, and Edelweiss Securities. Presently, he is an analyst at Definedge.
Disclosure: The writer and his dependents do not hold the Stocks discussed in this article. However, clients of Definedge may or may not own these securities.
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