Bombay Wire Ropes technical analysis

According to the latest Pivot data, Bombay Wire Ropes’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 ₹47.32, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹47.66, ₹47.83, and ₹48.17, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹47.15, ₹46.81, and ₹46.64, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Bombay Wire Ropes’s price movement.