Kay Power and Paper technical analysis

According to the latest Pivot data, Kay Power and Paper’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 ₹16.81, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹16.91, ₹17.1, and ₹17.2, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹16.62, ₹16.52, and ₹16.33, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Kay Power and Paper’s price movement.