Balkrishna Industries technical analysis

According to the latest Pivot data, Balkrishna Industries’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 ₹2423.73, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹2447.46, ₹2491.23, and ₹2514.96, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹2379.96, ₹2356.23, and ₹2312.46, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Balkrishna Industries’s price movement.