Malu Paper Mills technical analysis

According to the latest Pivot data, Malu Paper Mills’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 ₹38.1, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹38.7, ₹39.59, and ₹40.19, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹37.21, ₹36.61, and ₹35.72, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Malu Paper Mills’s price movement.