Mangalam Alloys technical analysis

According to the latest Pivot data, Mangalam Alloys’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 ₹41.08, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹42.36, ₹43.28, and ₹44.56, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹40.16, ₹38.88, and ₹37.96, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Mangalam Alloys’s price movement.