Manorama Industries technical analysis

According to the latest Pivot data, Manorama Industries’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 ₹1395.33, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹1428.56, ₹1483.03, and ₹1516.26, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹1340.86, ₹1307.63, and ₹1253.16, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Manorama Industries’s price movement.