IP Rings technical analysis

According to the latest Pivot data, IP Rings’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 ₹117.12, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹122.24, ₹125.07, and ₹130.19, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹114.29, ₹109.17, and ₹106.34, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in IP Rings’s price movement.