Menon Bearings technical analysis

According to the latest Pivot data, Menon Bearings’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 ₹116.34, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹117.88, ₹120.23, and ₹121.77, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹113.99, ₹112.45, and ₹110.1, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Menon Bearings’s price movement.