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 ₹106.75, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹111.25, ₹113.5, and ₹118, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹104.5, ₹100, and ₹97.75, 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.