Mehul Colours technical analysis

According to the latest Pivot data, Mehul Colours’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 ₹70.07, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹70.14, ₹70.17, and ₹70.24, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹70.04, ₹69.97, and ₹69.94, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Mehul Colours’s price movement.