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 ₹11.53, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹11.71, ₹11.86, and ₹12.04, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹11.38, ₹11.2, and ₹11.05, 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.