Indian Phosphate technical analysis

According to the latest Pivot data, Indian Phosphate’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 ₹57.82, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹60.09, ₹61.22, and ₹63.49, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹56.69, ₹54.42, and ₹53.29, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Indian Phosphate’s price movement.