Stock Radar: 40% drop from highs! Swiggy stocks make a rounding bottom pattern; time to buy the dip?

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REUTERS/Francis Mascarenhas/File Photo

Synopsis

Swiggy Ltd. exhibits a rounding bottom pattern on daily charts, signaling a potential bullish reversal. Experts suggest short-term traders consider buying, targeting Rs 473 within 3-5 months. Technical indicators like Supertrend and DMI support a buy signal, with a recommended stop loss at Rs 334, indicating a shift from bearish to bullish sentiment.

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