ICICI Prudential Nifty Oil & Gas ETF technical analysis

According to the latest Pivot data, ICICI Prudential Nifty Oil & Gas 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 ₹12.24, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹12.3, ₹12.36, and ₹12.42, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹12.18, ₹12.12, and ₹12.06, 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 Oil & Gas ETF’s price movement.