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 ₹30.36, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹31.07, ₹31.66, and ₹32.37, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹29.77, ₹29.06, and ₹28.47, 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.