SWIGGY - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.6
| Stock Code | SWIGGY | Market Cap | 86,394 Cr. | Current Price | 314 ₹ | High / Low | 474 ₹ |
| Book Value | 43.5 ₹ | Dividend Yield | 0.00 % | ROCE | -23.3 % | ROE | -91.9 % |
| Face Value | 1.00 ₹ | DMA 50 | 365 ₹ | DMA 200 | 393 ₹ | Chg in FII Hold | 3.84 % |
| Chg in DII Hold | 6.59 % | PAT Qtr | -886 Cr. | PAT Prev Qtr | -881 Cr. | RSI | 32.2 |
| MACD | -18.9 | Volume | 98,13,471 | Avg Vol 1Wk | 1,79,92,705 | Low price | 297 ₹ |
| High price | 474 ₹ | Debt to equity | 0.01 | 52w Index | 9.80 % | Qtr Profit Var | -40.4 % |
| EPS | -14.8 ₹ | Industry PE | 48.9 |
📈 Chart Patterns & Trend: SWIGGY is trading at 314 ₹, well below the 50 DMA (365 ₹) and 200 DMA (393 ₹), indicating strong bearish bias. RSI at 32.2 suggests the stock is oversold and may see a technical bounce. MACD at -18.9 confirms bearish momentum. Bollinger Bands place price near the lower band, signaling weakness but potential short-term support.
📊 Volume Trends: Current volume (98 lakh) is significantly lower than the 1-week average (179 lakh), reflecting declining participation and weak investor sentiment.
🎯 Momentum Signals:
- Price below both 50 DMA and 200 DMA confirms bearish trend.
- RSI oversold, indicating possible short-term rebound.
- MACD negative, reinforcing downward momentum.
💡 Entry Zone: 300–310 ₹ (near recent support).
🚪 Exit Zone: 360–370 ₹ (near 50 DMA resistance).
🔎 Overall Trend: The stock is reversing from highs and currently in a bearish phase. Sustained recovery requires crossing 365–393 ₹ with volume support.
Positive
- Strong institutional interest with FII holdings up (+3.84%) and DII holdings up (+6.59%).
- Low debt-to-equity ratio (0.01) reflects financial stability.
- Large market cap (86,394 Cr.) supports long-term resilience.
Limitation
- Stock trading well below both 50 DMA and 200 DMA, confirming weakness.
- Negative ROCE (-23.3%) and ROE (-91.9%) highlight poor efficiency.
- No dividend yield, offering no income support for investors.
- EPS negative (-14.8 ₹), reflecting ongoing losses.
Company Negative News
- Quarterly PAT remains negative (-886 Cr.), showing persistent losses.
- Quarterly profit variation worsened (-40.4%).
- Stock price corrected sharply from 474 ₹ to 314 ₹.
Company Positive News
- Strong institutional inflows from both FII and DII investors.
- Low leverage provides financial flexibility.
Industry
- Industry PE at 48.9 highlights growth potential in the food delivery sector.
- Sector supported by rising consumer demand for online food services.
- Peers may show profitability, but SWIGGY trades at a discount due to losses.
Conclusion
SWIGGY is in a bearish phase, trading below key moving averages with weak momentum signals. Entry near 300–310 ₹ offers limited risk, while resistance lies at 360–370 ₹. The stock needs stronger volume and a break above 365–393 ₹ to confirm reversal. Long-term fundamentals remain challenged, and short-term traders should be cautious until profitability improves.
I can also prepare a comparative snapshot of SWIGGY vs ZOMATO to highlight which one offers better near-term trading opportunities.