CHL technical analysis

According to the latest Pivot data, CHL’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 ₹30.5, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹31, ₹31.3, and ₹31.8, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹30.2, ₹29.7, and ₹29.4, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in CHL’s price movement.