Swiggy Ltd – 1D (NSE)

Trend: Clear downtrend with continuous lower highs and lower lows. Price has now reached a historical demand zone. Support and Resistance Levels: Immediate Support (Demand Zone): 300–315 Major Support: 280 Resistance: 350 Upper Resistance: 390–400 Expected Move: This is the first proper test of the demand area after a sharp fall. A stabilization here can trigger a relief bounce toward 350. Failure to hold 300 can open downside toward 280. Short Fundamentals Summary: Food delivery leader with strong brand presence and scale, but profitability metrics and cash burn remain key monitorables. Sentiment-driven moves likely. Final Verdict: At make-or-break demand zone. Either a technical bounce starts here, or breakdown below 300 can extend the downtrend.