Swiggy Limited
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SWIGGY – Breakout Awaited with Strong Upside Potential

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The 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.

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