Mahanagar Telephone Nigam technical analysis

According to the latest Pivot data, Mahanagar Telephone Nigam’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 ₹30.76, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹31.22, ₹31.87, and ₹32.33, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹30.11, ₹29.65, and ₹29, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Mahanagar Telephone Nigam’s price movement.