Competent Automobiles Company technical analysis

According to the latest Pivot data, Competent Automobiles Company’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 ₹408.83, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹417.66, ₹422.38, and ₹431.21, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹404.11, ₹395.28, and ₹390.56, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Competent Automobiles Company’s price movement.