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 ₹119.98, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹121.52, ₹123.2, and ₹124.74, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹118.3, ₹116.76, and ₹115.08, 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.