Technical Momentum Shifts Amid Market Challenges
Technical Momentum and Price Movement
Swiggy’s current share price stands at ₹394.20, down from the previous close of ₹401.50, with intraday fluctuations ranging between ₹392.95 and ₹404.40. The stock’s 52-week range extends from ₹297.00 to ₹617.00, indicating significant volatility over the past year. This price movement is set against a backdrop of evolving technical indicators that suggest a nuanced market assessment.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator on the weekly chart remains bearish, signalling that the short-term momentum is still under pressure. However, the monthly MACD does not currently provide a definitive signal, indicating a lack of strong directional…
