Lloyds Engineering Works technical analysis

According to the latest Pivot data, Lloyds Engineering Works’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 ₹56.92, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹57.96, ₹59.79, and ₹60.83, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹55.09, ₹54.05, and ₹52.22, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Lloyds Engineering Works’s price movement.