ICICI Prudential BSE Midcap Select ETF technical analysis

According to the latest Pivot data, ICICI Prudential BSE Midcap Select ETF’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 ₹16.29, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹16.5, ₹16.81, and ₹17.02, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹15.98, ₹15.77, and ₹15.46, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in ICICI Prudential BSE Midcap Select ETF’s price movement.