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 ₹68.83, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹71.16, ₹72.33, and ₹74.66, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹67.66, ₹65.33, and ₹64.16, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Mehul Colours’s price movement.