SWIGGY LTD forming a textbook bullish flag on the 2h chart

Chart Analysis (Study Purpose Only):

Pattern Observed: After a sharp uptrend, the stock has formed a falling channel (bullish flag) — which typically signals a continuation of the trend.

Support/Resistance:

The price is consolidating above a long-term trendline resistance, which is now acting as support.

Resistance zone is near ₹365–₹367, and support is around the ₹340–₹345 range.

Indicators:

RSI is currently at ~60, suggesting mild bullish momentum without being overbought.

MACD is in a bearish crossover but appears to be flattening, possibly preparing for a bullish crossover.

Volume: Declining volume during the pullback suggests weak selling pressure, often a bullish sign in continuation patterns.

🟢 A breakout above the upper channel with volume could confirm a bullish continuation.