Majestic Auto technical analysis

According to the latest Pivot data, Majestic Auto’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 ₹305.27, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹307.54, ₹310.77, and ₹313.04, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹302.04, ₹299.77, and ₹296.54, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Majestic Auto’s price movement.