Amalgamated Electricity Company technical analysis

According to the latest Pivot data, Amalgamated Electricity Company’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 ₹54.76, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹58.35, ₹60.14, and ₹63.73, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹52.97, ₹49.38, and ₹47.59, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Amalgamated Electricity Company’s price movement.