Neutral impactCompany
Swiggy may rebound to Rs 190, but charts do not signal a trend reversal: LKP’s Vatsal Bhuva
The Economic Times 11 hrs ago·25 Oct 2026, 5:41 am
Analyst Vatsal Bhuva of LKP noted that Swiggy’s share price could bounce back to around Rs 190 in the near term, but the broader price chart still shows a prevailing downtrend and no clear reversal pattern. He cautioned that the short‑term uptick may be a temporary correction rather than a sustained recovery.
For investors, this means the stock remains technically weak despite the possible bounce. A technical rebound does not automatically translate into improved fundamentals, so traders should treat the move as a risk‑on signal rather than a confirmation of a new uptrend.
Going forward, market participants will likely monitor trading volume, any break of key resistance levels, and upcoming earnings or policy news that could influence sentiment. A sustained move above the current trend line would be needed to suggest a genuine shift.
Affected stocks
Neutral1 stock
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns Swiggy (SWIGGY).
- Category: Company.
Why it matters
A routine update for Swiggy. Use the price and stock snapshot to gauge how the market is responding.
