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 ₹198.11, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹201.22, ₹202.78, and ₹205.89, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹196.55, ₹193.44, and ₹191.88, 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.