Honasa Consumer technical analysis

According to the latest Pivot data, Honasa Consumer’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 ₹304.93, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹308.51, ₹312.68, and ₹316.26, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹300.76, ₹297.18, and ₹293.01, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Honasa Consumer’s price movement.