Elgi Rubber Company technical analysis

According to the latest Pivot data, Elgi Rubber 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 ₹48.6, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹50, ₹51.4, and ₹52.8, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹47.2, ₹45.8, and ₹44.4, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Elgi Rubber Company’s price movement.