CMI technical analysis

According to the latest Pivot data, CMI’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 ₹3.4, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹3.47, ₹3.62, and ₹3.69, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹3.25, ₹3.18, and ₹3.03, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in CMI’s price movement.