Ceat technical analysis

According to the latest Pivot data, Ceat’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 ₹3259.3, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹3298.6, ₹3324.2, and ₹3363.5, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹3233.7, ₹3194.4, and ₹3168.8, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Ceat’s price movement.