Magna Electro Castings technical analysis

According to the latest Pivot data, Magna Electro Castings’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 ₹937.3, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹943.5, ₹955, and ₹961.2, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹925.8, ₹919.6, and ₹908.1, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Magna Electro Castings’s price movement.