$SWIGGY

$SWIGGY Swiggy has shown a strong recovery from lower levels, indicating renewed buying interest. The stock is currently approaching an important resistance zone where the next directional move will likely be decided. Technical View: Trend: Short-term Bullish | Medium-term Recovery Immediate Support: ₹265–270 Major Support: ₹250–255 Immediate Resistance: ₹285–290 Major Resistance: ₹300–315 Chart Observations: The stock has bounced well after consolidation, supported by improving momentum. A strong close above ₹300–315 with healthy volume could trigger the next leg of the uptrend. Failure to sustain above resistance may lead to a pullback towards the ₹265–270 support zone. Key Fundamental Trigger: Recent positive sentiment has been driven by foreign ownership falling below 50%, improving flexibility for certain regulatory requirements. Investors will also closely watch the upcoming quarterly results for further direction.