Swiggy Buy Wave 4 (counter wave) / Wave C
Swiggy has been undergoing correction since its listing in the form of a zigzag as per Elliott Wave Principe which is a 5-3-5 structure. Wave A (5 waves down), Wave B (3 waves up), and Wave C (5-waves down). Wave C has to make an equal or lower low than Wave A.
Wave A got completed on 13 May 25 and Wave B got completed on 19 Sep 25.
Wave C of the zigzag is in progress which is a 5-wave structure with one of its wave (Wave 3) being an extended wave. Wave C has already made a lower low.
Stock most likely has completed Wave 3 of Wave C at 61.8% of SW(I-III). Wave 4 is a counter wave providing a buying opportunity.
If stock has to retrace to SW(IV) level, there is a potential 33% upside (subject to market conditions being favourable).
Buy at current levels with a stop loss of 255 for an excellent risk-reward trade.
Swiggy Limited
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In-depth trading ideas
Buy Swiggy - Wave C of zigzag completion - Low risk trade
Posting listing Swiggy peaked on 23 Dec 2024 after forming a small impulse wave and ever since has been undergoing a long correction for almost 1.5 years.
The correction is in the form a zigzag (5-3-5 structure) of intermediary degree.
Wave A of zigzag got completed on 13 May 2025.
Wave B of zigzag got completed on 19 Sep 2025. Wave B retraced about 50% of Wave A.
Wave C has been in formation since 19 Sep 2025. Wave C unfolded as a 5-wave sequence of intermediary degree with Wave (3) being an extended wave which ended at about 3X of Wave (1).
It is highly likely that Wave (5) of Wave C ended at 23.6% of the entire length of W1-3 of the zigzag on 18 May 2026 (as shown in the chart).
One may consider going long on the stock with a stop loss of 245 (very low risk trade) with a medium term view.
Buy small quantity initially and add once the trend is confirmed.
Swiggy Still Looks WeakSwiggy Limited is still firmly under pressure on the daily chart, with the stock closing at ₹250.75 after failing yet again to hold above the 9-day SMA at ₹256.28 and remaining well below the key breakdown level at ₹272.85. The rejection from the ₹258–260 bounce zone and the sequence of lower highs from ₹295 to ₹282 now to sub-₹260 levels suggest sellers remain in control, with momentum increasingly pointing toward a retest of ₹245 and potentially the major support band between ₹230.56 and ₹228.62. For the bearish structure to weaken, the stock would need to reclaim ₹256 first and then decisively close back above ₹272.85; until that happens, any near-term bounce is likely to be viewed as a sell-on-rise opportunity rather than the start of a sustained reversal.
Swiggy - Possible reveral BetSwiggy is showing a potentially bullish setup on the weekly chart.
Current price: 277
Immediate resistance: 308
If price breaks and sustains above 308, it could signal a bullish reversal and recovery phase upto 360 levels..
This setup is more relevant for long-term investors and position traders, so patience and confirmation are key. Watch out.
Risk below weekly candle
SWIGGY at a technical tipping point 324.25SWIGGY has faced significant downward pressure recently, sliding nearly 15% year-to-date and hitting a daily low of ₹322.15 on February 20, 2026. Despite this "troublesome" period where net losses widened to ₹1,065 crore in Q3 FY26, the underlying business is showing aggressive topline strength. Revenue jumped 54% year-on-year to ₹6,148 crore, largely driven by the Instamart quick-commerce boom.
Historically, the current price zone has served as a critical floor. My analysis suggests that if the stock can maintain its footing above ₹324.50, it will likely signal a technical exhaustion of the recent sell-off. A successful defense of this level could trigger a relief rally toward the immediate target of ₹336 .
To manage risk against continued volatility—such as the recent news of Swiggy shuttering its "Snacc" 15-minute delivery app to preserve margins—a strategic Stop Loss (SL) should be placed around ₹321 .
SWIGGY LIMITED - BEARISH BREAKDOWN IN PROGRESSSWIGGY LIMITED - BEARISH BREAKDOWN IN PROGRESS
Overview: Swiggy Limited is exhibiting a clear bearish structure with multiple confirmed breakdown signals. The stock has transitioned from a bullish phase (July-September 2025) to a deteriorating downtrend with accelerating losses.
Key Bearish Signal
Cloud Reversal:The Ichimoku cloud has flipped from bullish (green) to bearish (red), signaling a trend reversal and loss of upside momentum
Support Breaks:The stock has decisively broken below the ₹334-340 support zone and continues lower, confirming weakness
Lower Highs & Lows:A textbook bearish pattern with consistent deterioration from the ₹430 peak
Downtrend Confirmation:Both the solid and dashed trendlines show sustained bearish momentum with no meaningful reversal attempts
Price Targets (Based on White Support Levels):
1. ₹300 - First major support zone
2. ₹260 - Secondary target
3. ₹245 - Intermediate support
4. ₹225 - Key downside target
5. ₹210 - Extended bearish target
6. ₹200 - Final identified support level
Outlook:The structural weakness remains intact. Watch for further deterioration through the identified support levels, particularly if momentum accelerates below ₹310.
SWIGGY 1 Day View 📊 SWIGGY – 1-Day Time Frame Key Levels (Daily Technical View)
📍 Latest Price Context (Approx)
Current/Live price range (recent session): ~₹305–₹315 (trading range today)
🔑 Daily Support Levels
These are price zones where buying interest could emerge if the stock dips:
📌 S1 (Immediate Support): ~₹313–₹315
📌 S2: ~₹307–₹310
📌 S3 (Deeper support): ~₹295–₹300
(levels help define where the stock may stabilize on a pullback)
📈 Daily Resistance Levels
These are zones where price may face selling pressure:
🔹 R1: ~₹329–₹330
🔹 R2: ~₹335–₹336
🔹 R3: ~₹345–₹346
(above these, the stock needs strong momentum to continue higher)
📊 Daily Pivot Levels
Pivot levels often act as reference for thematic direction:
📍 Pivot (Central daily level): ~₹326–₹327
(Above this = mildly bullish bias for the day; below this = bearish bias)
📌 Based on Technical Indicators
Short-term indicators show mixed to bearish bias in daily trend, with several oscillators and moving average signals leaning sell/oversold — reflecting current selling pressure in the market.
SWIGGY 1 Day Time Frame 📈 Latest Price Context (Today’s Trading)
📍 Approx Live Price: ~₹401 INR on NSE during today’s session with intraday swings between ~₹396 and ₹408.
📊 Daily Support & Resistance Levels (1-Day Chart)
🔹 Key Resistance
R1: ~₹404–₹406 — first resistance from intraday pivot/octave levels.
R2: ~₹409–₹414 — next resistance zone.
R3: ~₹420+ — extended weekly resistance.
🔸 Key Support
S1: ~₹388–₹390 — immediate support area.
S2: ~₹380–₹383 — secondary support closer to recent intraday lows.
S3: ~₹371–₹375 — deeper support if prices break down sharply.
🔁 Pivot
Daily Pivot Point: ~₹397–₹398 zone.
This pivot acts as the centerline bias — above it suggests bullish lean today, below it suggests selling pressure today.
Swiggy LtdSwiggy - The chart shows a well-defined ascending channel pattern, and price action is moving steadily between the parallel trendlines, respecting both the support and resistance lines
The latest candle shows a bounce from the lower channel support, which indicates continuation of the uptrend within the channel.
Buy above 440 | Target 460 and 460 | Stop loss 430
Swiggy cmp 439.05 by Daily Chart since listedSwiggy cmp 439.05 by Daily Chart since listed
- Support Zone 385 to 415 Price Band
- Resistance Zone 440 to 465 Price Band
- Rising Support Trendline well respected by Price momentum
- Bullish Cup and Handle followed by small Rounding Bottoms or a closely considerate VCP pattern
- Falling Resistance Trendline Breakout attempted with older Resistance Trendlines Breakout well sustained
- Volumes are spiking heavily at intermittent intervals and staying in close sync with the average traded quantity
SWIGGY Breakout Setup: 126-Day Base Formation & Momentum ZoneThis chart analyzes SWIGGY’s recent price action and technical setup, featuring a 126-day base formation as a foundation for trend reversal and bullish momentum. The stock has shown consistent upward movement, supported by tightening in the zone and well-defined moving average support, with resistance levels around 439.05 INR. Tightness in the trend zone indicates buyer accumulation, increasing the probability of a sustained breakout following the consolidation phase and moving average alignment
ICT Trading Setup: Swiggy Breaks Structure for Next Bullish MoveBased on the ICT trading method, the Swiggy chart is currently showing a Higher High (HH) and Higher Low (HL) structure. The first two counter-trend moves retraced 50% from the previous swing high to the recent swing low, providing excellent opportunities for optimal trend entries.
At present, the price is at 403, which marks a Break of Structure (BOS) on the chart, with a primary target of 427. If the rally continues, the trend could extend toward 460 as per projections. The stop-loss is set at 379 (recent low + buffer).
In the ICT method, the target is typically set at the previous swing high, as reflected in this chart. This strategy focuses on entering trades at the end of a counter-trend, offering low-risk entries with favorable risk-reward ratios.
Disclaimer: lnkd.in
Swiggy Ltd. Reserch ReportBuy/Sell/Hold Recommendation:
Given Swiggy’s strong revenue growth but continued losses and negative cash flows, the stock currently represents a high-risk, high-reward opportunity. Unless you have a high risk appetite and a long-term horizon, a "Hold" stance is appropriate—wait for visible margin improvement and positive cash flows before considering aggressive buying. For conservative investors, it’s best to avoid new buys until profitability and sustainable cash generation are in sight. Only enter or add if Swiggy shows concrete signs of turning profitable and scaling successfully.
HOld (Overvalued)
Swiggy Investment Report: Independent Strategic & Financial Outlook
Introduction
Swiggy, a leading player in India’s food delivery and quick commerce industry, continues to pursue aggressive growth and operational dominance, shaping its own strategic path amid sector challenges.
Financial Metrics
In FY25, Swiggy posted revenue of ₹15,227Cr but remained loss-making with a net deficit of ₹3,117Cr and negative EBITDA margins, reflecting heavy investment in technology, logistics, and expansion—especially in its Instamart quick commerce division. Capital expenditures and higher working capital are keeping free cash flows negative (-₹2,693Cr in FY25), underscoring the company’s high-growth, cash-consuming phase.
Strategic Progress & DCF Valuation
Swiggy’s management aims for positive cash flows and margin turnaround, with plans to steadily improve profitability by scaling operations and increasing efficiency. A detailed DCF analysis, based on realistic growth and margin improvement assumptions (cost of equity 11.79%, terminal growth 10%), implies an intrinsic value of around ₹143 per share—indicating the current market cap still prices in optimism about future execution.
Key Takeaways
Swiggy operates in a capital-intensive, competitive market, facing margin pressure but also strong revenue momentum.
Ongoing board and policy reforms reflect the company’s drive for operational maturity.
Long-term success hinges on rapid margin improvement, successful turnaround of Instamart, and conversion of scale into sustainable profits.
Conclusion
Swiggy’s independent outlook shows promise with its robust platform and growth potential, but significant risks remain until losses are narrowed and cash flows turn consistently positive. For investors, Swiggy presents a high-risk, high-reward bet—success will be determined by its pace of execution and ability to transition from investment-driven growth to profitable leadership in India’s booming delivery market.
SWIGGY : Next Multi-bagger ??NSE:SWIGGY
🚀 SWIGGY LTD – Combined Technical + Fundamental Analysis
As of: 24 July 2025 | CMP: ₹420.50 |
📈 TECHNICAL ANALYSIS
🔷 Pattern: Cup and Handle Breakout
Cup & Handle pattern completed over 5 months (Feb–July 2025)
Breakout Level: ₹409 (marked horizontal resistance)
CMP: ₹420.50 — breakout confirmed with strong volume
Cup Depth: ₹409 – ₹285 = ₹124
🔍 Indicators & Price Action:
Price vs 50 EMA ✅ Above (bullish short-term trend)
Price vs 200 EMA ✅ Above (bullish long-term trend)
Volume ✅ Breakout confirmed with surge
RSI ~63 (strong but not overbought)
🔧 Key Levels:
Support Resistance Swing Target
₹409 (Breakout retest) ₹445 / ₹480 ₹533 (measured move)
Technical Verdict:
Bullish breakout from a long base. With volume confirmation and improving fundamentals, Swiggy is poised for a multi-week rally.
=======================================
📊 FUNDAMENTAL ANALYSIS
📈 1. Revenue Growth
Swiggy has shown consistent and impressive topline expansion over the past 3 years:
Financial Year Revenue (₹ Cr) YoY Growth
FY22 ₹5,705 –
FY23 ₹8,265 +45%
FY24 ₹11,115 +34%
FY25 (Est.) ₹14,500 +30% est.
Growth Drivers:
🚀 Instamart (Grocery) – fastest-growing vertical
🍽️ Food Delivery – steady in Tier I, expanding in Tier II/III
📍 Strong presence in metros, improving reach in smaller cities
💰 2. Profit Trajectory
Swiggy was known for heavy cash burn pre-IPO, but is now nearing profitability:
Financial Year Net Profit/Loss (₹ Cr) EBITDA (₹ Cr)
FY23 -₹4,179 -₹3,363
FY24 -₹1,482 -₹1,115
FY25 (Est.) +₹75 (Profit) +₹350
📉 Losses reduced by over 60% in 12 months
🔁 EBITDA-positive since Q4 FY25 — a major turning point
🛠️ Cost control, reduced discounting, and Instamart’s scale driving margin growth
🌱 3. Future Growth Prospects
Swiggy is now strategically positioned to capture multiple long-term themes:
Segment Outlook Comments
Instamart 🌟 High Growth 60%+ YoY growth, core revenue driver by FY26
Food Delivery 🔁 Steady to Moderate Strong in metros; Tier II/III scaling slowly
Dineout + Genie 🧊 Low Growth Not major contributors, but strengthen ecosystem
New Revenue 🧠 Ads, cloud kitchens High-margin potential in FY26/FY27
🧾 IPO proceeds deployed into logistics & tech infra (no major debt)
📈 Possible MSCI/Nifty Next 50 inclusion in FY26
🔓 Optionality: Entry into fintech/payments, loyalty programs, and dark kitchens
🔚 COMBINED VIEW – TECHNICAL + FUNDAMENTAL
Technical Pattern ✅ Cup & Handle breakout at ₹409
Revenue Trend ✅ Strong CAGR ~36%
Profit Outlook ✅ Profitability by FY25 end
Future Potential ✅ High – Instamart + Ads + Tier-II expansion
Risk ⚠️ Valuation premium + ONDC threat remains
⚠️ Disclaimer:
This analysis is for educational and informational purposes only.
We are not SEBI-registered analysts or advisors.
This is our personal view based on available data and market trends.
Please consult your SEBI-registered investment advisor before making any investment or trading decisions.
You are solely responsible for any financial decisions you make based on this content.
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Trade Secrets By Pratik
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Swiggy: a probable long trade➡️Entered this with a stop loss of 374
➡️21 ema support
➡️Consumption theme has been picking up and I am hopeful that this scrip would be a beneficiary of the theme
➡️supply zone may act as a demand zone
➡️the volume on negative days have been meagre in comparison to the volume on positive days
SWIGGY |cup & handle breakout **Swiggy Ltd.** based on your latest chart:
> **Swiggy (NSE)** forming cup & handle breakout above ₹389.50 ☕🚀
> Cleared descending channel with authority
> RSI 53.61 → room to run
> Volume 🔥 51.8M = strong conviction
> Next resistances: ₹402.95 / ₹456.70
> Target zone: ₹520–₹570+
> Momentum + structure = tasty trend cooking 🛵📈
> #Swiggy #BreakoutStocks #CupAndHandle #StocksToWatch
Want to add a thumbnail or carousel for this one? I can whip up captions, chart overlays, or even turn this into a visual thread.
Swiggy Base and Trendline BONSE:SWIGGY gains as Morgan Stanley starts coverage with 'overweight' rating; sees 22% upside.
On Daily Chart, it Could Signal a 35% Breakout - Here's the Exact Level Every Trader is Watching
Price Action Analysis:
The chart reveals a classic consolidation phase following Swiggy's IPO debut in November 2024. After an initial surge to highs around 465 levels post-listing, the stock underwent a significant correction, falling to lows near 297 in March 2025. Currently trading at 362.75, the stock shows signs of building a base in the 310-370 range.
Volume Analysis:
Volume patterns indicate institutional interest with notable spikes during key price movements. The stock gained nearly 17% on its trading debut, signalling growing investor confidence in food and grocery delivery firms. The recent volume of 22.31M shares suggests active participation, though lower than peak trading days.
Key Technical Levels:
Support Levels:
- Primary Support: 305-310 (marked by green horizontal line)
- Secondary Support: 297 (March 2025 low)
- Critical Support: 280 (psychological level)
Resistance Levels:
- Immediate Resistance: 370-375 (red horizontal line marking recent highs)
- Major Resistance: 420-430 (post-IPO consolidation zone)
- Ultimate Target: 465 (all-time high)
Base Formation:
The stock has formed a rectangular consolidation base between 310-370 levels over the past 3-4 months. This 4-month base-building phase indicates potential accumulation by institutional investors, typical behaviour post-IPO as initial volatility settles.
Technical Patterns:
A descending trendline resistance (marked in white) from the March highs is being breached. The current price action suggests a potential breakout from this falling wedge pattern, which is typically bullish.
Trade Setup:
Entry Strategy:
- Conservative Entry: 375+ on breakout above resistance with volume confirmation
- Aggressive Entry: 365-368 on current levels for base play
Exit Levels:
- Target 1: 400 (intermediate resistance)
- Target 2: 430 (major resistance zone)
- Target 3: 465 (all-time high retest)
Stop Loss:
- For breakout trade: 355 (below recent consolidation)
- For base play: 305 (below primary support)
Position Sizing and Risk Management:
- Risk per trade: Maximum 2% of portfolio
- Position size calculation: (Portfolio value × 2%) ÷ (Entry price - Stop loss)
- For a 100,000 portfolio: (100,000 × 2%) ÷ (365 - 305) = 33 shares maximum
- Reward-to-risk ratio: 1:2.5 minimum
Sectoral and Fundamental Backdrop:
NSE:SWIGGY food delivery business achieved profitability in March, with a current market cap of 83,088 crores and revenue of 15,227 crores. However, the company still reports losses of 3,117 crores, indicating it's in a growth investment phase.
The IPO was priced at ₹390 per share, raising ₹11,327.43 crores, providing substantial capital for expansion. The company operates a hyperlocal on-demand delivery model, connecting nearby restaurants and service providers to customers, with diversification into grocery delivery (Instamart) and logistics services.
The food-tech sector in India remains attractive due to increasing digitization and changing consumer behaviour. Recent antitrust concerns regarding discount practices by fast-delivery companies, including Swiggy, indicate regulatory scrutiny, which could impact future growth strategies.
Risk Factors:
- High cash burn rate despite revenue growth
- Intense competition with Zomato, Zepto and other players
- Regulatory challenges in the quick commerce space
- Market volatility affecting new-age tech stocks
My Take:
The technical setup suggests accumulation phase completion with potential for a significant move higher, supported by improving fundamentals in the core food delivery business, achieving profitability. Follow the Strict Trade Plan as Explained Above.
Keep in the Watchlist.
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Disclaimer: "I am not a SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER."
This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.






















