The price of Swiggy in the upward trend was in the past week as its outlook improved against the background of strong predictions by market analysts. The stock increased by 10.5 % in the last five trading sessions, closed a session on Thursday at 364 rupees and an increase of 0.39 %. The bullish momentum pushed it to its highest level in the week fourteen weeks, over the main moving averages.
To this writing, the 61 -year -old Swiggy RSI share on the daily chart. In addition, ADX in the same time frame is at 52, confirming the width of the upward trend. Investors are optimistic after the brokerage giant, Morgan Stanley began covering him and gave him a “weight gain” classification with the aim of 405 rupees. This raises the 11 % growth head hall from Thursday and confirms its increasing presence in the Indian Food Delivery Market.
Morgan Stanley expects that Swiggy will grow at a complex annual growth rate (CAGR) by 15.8 % between 2025-2028. However, despite its recent gains and improved expectations, the Swigy share price continues to decrease by 33 % on an annual basis. In addition, the Sensex index, which rises by more than 4 % YTD, follows. This is inhibited by some investors, who are likely to have rewarding opportunities elsewhere in the short term.
Swiggy stock prediction
The momentum on the price of Swiggy shares calls for more bullish direction over the PIVOT mark at 360 rupees. With the control of buyers, the upper direction movement is likely to meet the first resistance of 370 rupees. However, a stronger momentum will show this barrier and the gains for the test will extend 377 rupees.
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On the other hand, the transition to less than the RS 360 will indicate the emergence of the declining control. This is likely to witness the first support created at 355 rupees. The bullish direction would be invalid if the price is less than this level. In addition, this momentum can extend the losses and somewhat send the arrow to test 348 rupees.
