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 ₹11.5, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹11.74, ₹11.96, and ₹12.2, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹11.28, ₹11.04, and ₹10.82, 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.