SWIGGY - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.0

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

📊 Trend Overview

Current Trend: Swiggy is in a short-term uptrend, recovering from its 52-week low of ₹297 and currently trading at ₹445. It’s above both the 50 DMA (₹412) and 200 DMA (₹402), indicating bullish momentum.

Long-Term Trend: Still weak, given the steep fall from its high of ₹617 and negative earnings. However, technical indicators suggest a potential reversal is underway

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📈 Moving Averages

50 DMA: ₹412

200 DMA: ₹402

Current Price: ₹445

Interpretation: Price is above both DMAs, confirming a bullish crossover. Sustaining above ₹450 would strengthen the uptrend.

📉 MACD & RSI

MACD: Positive at 7.87, indicating bullish momentum.

RSI: At 61.5, in a healthy range — not overbought, but showing strength.

Conclusion: Momentum indicators support a buy-on-dips strategy. RSI above 60 and MACD widening suggest continuation.

📊 Volume Trends

Current Volume: 48.9 lakh

1-Week Avg Volume: 79.9 lakh

Interpretation: Volume is below average, indicating moderate conviction. A breakout above ₹460–₹470 would need volume confirmation.

📉 Bollinger Bands

Price is likely near the upper band, signaling strength but also short-term resistance. A breakout with volume would confirm trend continuation.

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 412 50 DMA, short-term support

Support 2 385 Previous swing low

Resistance 1 460 Near-term resistance zone

Resistance 2 500–540 Intermediate swing highs

Resistance 3 617 52-week high

🎯 Entry & Exit Zones

Optimal Entry: ₹415–₹430 (on pullback with confirmation)

Exit Zone: ₹500–₹540 (partial profit booking), ₹615+ (final target if breakout sustains)

🔍 Summary

Trend: Reversing upward

Momentum: Bullish

Bias: Buy on dips

Short-Term Strategy: Accumulate near ₹415–₹430 with breakout confirmation above ₹460. Target ₹500–₹615 over the next few weeks.

Sources

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www.etmoney.com

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in.tradingview.com

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trendlyne.com

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