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The Economic Times
The Economic Times
Business
Nikhil Agarwal

Swiggy may rebound to Rs 190, but charts do not signal a trend reversal: LKP’s Vatsal Bhuva

Bank Nifty HDFC Bank Swiggy Vatsal Bhuva Apollo Hospitals LKP Securities Nifty IT Stock Market

Swiggy’s post-results selloff has deepened its technical damage, with the stock continuing to form lower highs and lower lows since its listing. While deeply oversold conditions could trigger a rebound towards Rs 190, the chart setup does not yet signal a trend reversal, according to Vatsal Bhuva, technical analyst at LKP Securities.

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