Hind Rectifiers technical analysis

According to the latest Pivot data, Hind Rectifiers’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 ₹1244.17, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹1279.34, ₹1329.87, and ₹1365.04, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹1193.64, ₹1158.47, and ₹1107.94, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Hind Rectifiers’s price movement.