Jainik Power Cables technical analysis

According to the latest Pivot data, Jainik Power Cables’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 ₹116.97, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹120.44, ₹122.17, and ₹125.64, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹115.24, ₹111.77, and ₹110.04, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Jainik Power Cables’s price movement.