SWIGGY - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Swiggy is currently consolidating near its 200 DMA with weak momentum indicators and improving institutional interest. Entry near ₹400–₹410 may offer upside if volume and MACD strengthen.

Technical Rating: 3.3

Technical Analysis Report for Swiggy Ltd (SWIGGY)

• Trend Status: Consolidating near key support zones
• Moving Averages: Price below 50 DMA (₹423) but slightly above 200 DMA (₹408) — neutral alignment
• RSI: 43.4 — weak momentum, approaching oversold territory
• MACD: Negative at -1.72 — bearish crossover, trend weakening
• Bollinger Bands: Price near lower band — oversold signal, possible technical bounce
• Volume: Slightly above weekly average — moderate interest, not breakout strength

Entry & Exit Zones

• Support Levels: ₹408 (DMA 200), ₹385 (trendline), ₹297 (52-week low)
• Resistance Levels: ₹423 (DMA 50), ₹455 (gap zone), ₹490 (swing high)
• Optimal Entry: ₹400–₹410 (on confirmation of support)
• Optimal Exit: ₹455–₹490 (if reversal sustains)

Positive

• FII holding increased by 4.87% — strong foreign investor confidence
• DII holding increased by 2.42% — domestic institutional support
• Debt-to-equity ratio of 0.01 — virtually debt-free

Limitation

• MACD and RSI indicate bearish momentum
• Price below 50 DMA — short-term weakness
• EPS of ₹-14.4 — negative earnings base

Company Negative News

• Quarterly PAT declined from ₹-881 Cr. to ₹-991 Cr. — continued losses
• ROCE (-23.3%) and ROE (-91.9%) — poor capital efficiency

Company Positive News

• Quarterly profit variation of -87.4% — narrowing losses sequentially

Industry

• Online services and food delivery — high-growth but margin-sensitive sector
• Industry P/E of 38.3 — Swiggy currently lacks positive earnings to compare

Conclusion

Swiggy Ltd is currently consolidating near its 200 DMA with weak technical indicators but improving institutional sentiment. While MACD and RSI suggest caution, volume and support levels may offer a tactical entry near ₹400. Traders may target exits around ₹490, watching for MACD reversal and RSI strength to confirm momentum.

Sources

TradingView

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