Alfa Transformers technical analysis

According to the latest Pivot data, Alfa Transformers’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 ₹42.3, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹43.09, ₹44.54, and ₹45.33, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹40.85, ₹40.06, and ₹38.61, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Alfa Transformers’s price movement.