Alembic technical analysis

According to the latest Pivot data, Alembic’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹112.07, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹114.13, ₹117.76, and ₹119.82, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹108.44, ₹106.38, and ₹102.75, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Alembic’s price movement.