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 ₹54.67, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹56.34, ₹58.67, and ₹60.34, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹52.34, ₹50.67, and ₹48.34, 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.