Madras Fertilizers technical analysis

According to the latest Pivot data, Madras Fertilizers’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 ₹70.82, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹71.54, ₹72.47, and ₹73.19, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹69.89, ₹69.17, and ₹68.24, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Madras Fertilizers’s price movement.