Mafatlal Industries technical analysis

According to the latest Pivot data, Mafatlal Industries’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 ₹124.92, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹126.84, ₹129.92, and ₹131.84, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹121.84, ₹119.92, and ₹116.84, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Mafatlal Industries’s price movement.