Bihar Sponge Iron technical analysis

According to the latest Pivot data, Bihar Sponge Iron’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 ₹14.42, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹14.99, ₹15.57, and ₹16.14, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹13.84, ₹13.27, and ₹12.69, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Bihar Sponge Iron’s price movement.