Mechanically robust and anisotropic conductive hydrogels have emerged as crucial components in the field of flexible electronic devices, since they possess high mechanical properties and intelligent sensing capabilities. However, the hydrogels often swell on exposure to aqueous medium because of their hydrophilicity, which compromises their mechanical properties. Additionally, the hydrogels' isotropic polymeric networks demonstrate isotropic ion transport, which significantly diminishes the sensing capabilities of electrical devices based on hydrogels. These factors greatly limit their use in flexible and wearable sensors. In this study, we have developed poly(acrylamide-co-maleic acid-co-butyl acrylate) based anisotropic hydrogels by prestretching and drying, followed by ionic cross-linking to fix the alignment. The anisotropic arrangement of the polymer network resulted in significant improvements in mechanical performance and electrical conductivity along the prestretching direction. This anisotropic hydrogel combines hydrophobic and metal ion-ligand interactions, enhancing the maximum tensile strength up to 11 MPa along the prestretching direction, about 3 times higher than in the perpendicular direction. The optimized 200% prestretched hydrogel exhibited high tensile strength (7 MPa), flexibility (fracture strain 370%), high toughness (16 MJ m-3) and antiswelling behavior in water (equilibrium swelling ratio 2% after 15 days). alongside higher conductivity (3 times higher) and strain sensing ability (4 times higher gauge factor) along the prestretching direction. The hydrogel demonstrated efficient and stable underwater sensing for underwater communication and to monitor human limb position and movement. The anisotropic hydrogel electrolyte-based flexible supercapacitor exhibited 117 Fg-1 specific capacitance at 0.5 Ag-1, and maximum energy density 5.85 Whkg-1, significantly higher than the corresponding values for the isotropic hydrogel-based device (88 F g-1 and 4.4 Whkg-1, respectively). This hydrogel mimics the structural design of unidirectionally oriented muscle fibers, showing better direction dependent functional properties than the corresponding isotropic hydrogel. The anti-swelling ability and retention of mechanical and conductive properties of these hydrogels in aqueous environment suggest long-term usage capability of these functional materials.