📊 Swiggy: Gradual Strength Building — Ready for a Breakout

Technical View:

y has been forming higher highs and higher lows, reclaiming the 21-day EMA at ₹432 with a strong close near ₹448. The RSI at 62 signals improving momentum with healthy room for upside. Sustained close above ₹455 may trigger a short-term breakout toward ₹475–₹490. Support: ₹430 Resistance: ₹475 Trend: Bullish bias, supported by strong buying volume and mid-cap sectoral rotation. Fundamental View: Swiggy benefits from strong consumer demand recovery, higher order frequency, and efficiency-driven cost control. With Blinkit integration synergies, and expanding delivery margins, the company is inching toward profitability. Outlook: Strong brand franchise, potential IPO tailwinds, and improving financials make it a solid medium-term accumulation bet. 🎯 Target: ₹485 (+8%) | 🛑 Stop-Loss: ₹428 | ⏳ Timeframe: 1–2 weeks