SWIGGY - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.8
| Stock Code | SWIGGY | Market Cap | 74,611 Cr. | Current Price | 270 ₹ | High / Low | 474 ₹ |
| Book Value | 43.5 ₹ | Dividend Yield | 0.00 % | ROCE | -23.3 % | ROE | -91.9 % |
| Face Value | 1.00 ₹ | DMA 50 | 293 ₹ | DMA 200 | 348 ₹ | Chg in FII Hold | -1.48 % |
| Chg in DII Hold | 2.91 % | PAT Qtr | -886 Cr. | PAT Prev Qtr | -881 Cr. | RSI | 41.5 |
| MACD | -2.10 | Volume | 84,57,270 | Avg Vol 1Wk | 1,11,67,853 | Low price | 256 ₹ |
| High price | 474 ₹ | Debt to equity | 0.01 | 52w Index | 6.39 % | Qtr Profit Var | -40.4 % |
| EPS | -14.8 ₹ | Industry PE | 38.0 |
📈 Chart Patterns & Trend: SWIGGY is trading below both 50 DMA (₹293) and 200 DMA (₹348), with current price at ₹270. The stock is consolidating near support zones but showing persistent weakness. Trend bias is bearish-to-neutral.
📊 Indicators: RSI at 41.5 indicates approaching oversold territory. MACD negative at -2.10 confirms bearish crossover. Bollinger Bands show price near lower band, reflecting selling pressure.
🔎 Volume: Current volume (84.6 Lakh) is below average weekly volume (1.11 Cr.), suggesting reduced participation and weak momentum.
🎯 Entry Zone: ₹265–₹272 (near support and oversold RSI)
🚪 Exit Zone: ₹290–₹300 (resistance near 50 DMA)
Positive
- DII holdings increased by 2.91%, showing domestic institutional support.
- Low debt-to-equity ratio (0.01) ensures financial stability.
- Potential accumulation zone near oversold RSI levels.
Limitation
- Consistent quarterly losses (₹-886 Cr. vs ₹-881 Cr.).
- Negative ROCE (-23.3%) and ROE (-91.9%) highlight poor efficiency.
- EPS at ₹-14.8 reflects weak profitability.
- Stock trading below both DMA levels shows weak technical strength.
- FII holdings decreased by 1.48%, showing reduced foreign confidence.
Company Negative News
- Quarterly losses continue with widening profit variation (-40.4%).
- Weak fundamentals and negative efficiency ratios raise sustainability concerns.
Company Positive News
- Domestic institutional investors increased stake, reflecting local confidence.
- Debt-free balance sheet provides financial stability.
Industry
- Industry PE at 38.0 highlights premium valuations compared to SWIGGY’s loss-making profile.
- Food delivery sector remains competitive with growth potential, but profitability challenges persist.
Conclusion
SWIGGY is consolidating near support with bearish momentum. Entry near ₹265–₹272 may offer tactical opportunity, with exit around ₹290–₹300. Fundamentals remain weak with consistent losses and poor efficiency, making this a high-risk candidate. Short-term bias remains cautious with limited upside potential.
Would you like me to also prepare a risk-managed intraday setup for SWIGGY, with tighter stop-loss levels and momentum triggers, given its weak technicals?