ICICI Prudential Nifty Auto ETF technical analysis

According to the latest Pivot data, ICICI Prudential Nifty Auto 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 ₹28.8, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹29.1, ₹29.64, and ₹29.94, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹28.26, ₹27.96, and ₹27.42, 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 Nifty Auto ETF’s price movement.