Chandrima Mercantiles technical analysis

According to the latest Pivot data, Chandrima Mercantiles’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 ₹48.1, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹48.2, ₹48.4, and ₹48.5, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹47.9, ₹47.8, and ₹47.6, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Chandrima Mercantiles’s price movement.