SWIGGY - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.1

Here’s a detailed technical analysis of Swiggy Ltd. (SWIGGY)

📊 Trend Overview

Current Trend: Bullish with caution

Price is above both 50-DMA (₹380) and 200-DMA (₹395) — bullish structure.

RSI (64.5) — strong momentum, nearing overbought zone.

MACD (10.7) — positive and rising, confirming bullish momentum.

Volume: Significantly below 1-week average — suggests rally lacks strong participation.

📈 Chart Patterns & Indicators

Moving Averages

Price > 50-DMA and 200-DMA → bullish bias.

No bearish crossover risk in sight.

Bollinger Bands

Price near upper band — potential breakout or short-term pullback.

Support Levels

₹395 – ₹414 (DMA cluster and current price zone)

₹380 (50-DMA)

₹297 (52-week low)

Resistance Levels

₹440 – ₹460 (recent swing highs)

₹500 – ₹520 (psychological resistance)

₹617 (52-week high)

🔍 Momentum Signals

Short-Term Bias: Bullish but overheated

RSI > 60 and MACD strong — momentum favors upside.

Volume drop suggests caution — breakout needs confirmation.

Volume Trend: Weak — no signs of accumulation yet.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry ₹395 – ₹414 Above DMA support, MACD strength

Exit Target ₹440 – ₹500 Resistance zone and swing highs

Stop Loss ₹380 Below 50-DMA and support cluster

🧠 Summary

SWIGGY is showing strong technical momentum, supported by bullish indicators and price action above key moving averages. However, weak volume and deep quarterly losses (-104%) suggest the rally may be speculative. The stock is trending upward, but traders should wait for volume confirmation before chasing higher levels. A breakout above ₹440 with strong participation could open the path toward ₹500+.

Want to compare SWIGGY’s setup with other high-growth tech plays or explore sentiment across the food delivery sector? I’ve got plenty of insights to help you dig deeper.

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