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Delhivery, Craftsman Automation: Strategies for stocks amid block deals

Shares of Delhivery and Craftsman Automation may rise up to 15% and 12%, respectively, show technical charts

The numbers suggest that FY16 was the busiest year for fundraising when all listed companies together raised nearly Rs 2.5 trillion worth of fresh equity capital
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Bulk deals

Avdhut Bagkar Mumbai

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Shares of Delhivery, Shilpa Medicare, Craftsman Automation, Sansera Engineering and Bright Outdoor Media have seen heavy bulk deals on Thursday, wherein the price moves require a relook to identify the next possible trend.

On Friday, Shilpa Medicare, Craftsman Automation traded on a positive note, while Delhivery and Bright Outdoor Media witnessed sluggish trend.

Here’s the technical outlook for stocks witnessing bulk deals:-

Delhivery Ltd (DELHIVERY)
Likely target: Rs 440
Upside potential: 15%

Shares of Delhivery have broken out of the “Inverse Head and Shoulder” pattern, implying a rally towards Rs 440. The stock is attempting to sustain over the key average of

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First Published: Jun 23 2023 | 11:49 AM IST

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