SWIGGY – Breakout Awaited with Strong Upside PotentialThe stock is currently consolidating near a critical support zone around ₹323-₹317, which has acted as a strong demand area. A strict stop-loss below ₹311 is recommended for risk management.
A breakout above the descending trendline resistance could trigger a bullish rally, targeting levels of ₹400, ₹500, and eventually ₹600+ in the coming weeks. The price structure suggests a higher low formation, indicating potential trend reversal.
📌 Key Levels to Watch:
Support: ₹323-₹317
Resistance: ₹360-₹380 (trendline breakout zone)
Target: ₹400 / ₹500 / ₹600+
Stop-Loss: Below ₹311
⚠️ Disclaimer: This is for educational purposes only. Do your own research before making any trading decisions.