Godavari Biorefineries technical analysis

According to the latest Pivot data, Godavari Biorefineries’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 ₹279.03, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹283.56, ₹288.73, and ₹293.26, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹273.86, ₹269.33, and ₹264.16, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Godavari Biorefineries’s price movement.