Medico Remedies technical analysis

According to the latest Pivot data, Medico Remedies’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 ₹49.44, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹50.87, ₹52.82, and ₹54.25, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹47.49, ₹46.06, and ₹44.11, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Medico Remedies’s price movement.