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 ₹154.32, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹156.54, ₹160.07, and ₹162.29, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹150.79, ₹148.57, and ₹145.04, 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.