Mercantile Ventures technical analysis

According to the latest Pivot data, Mercantile Ventures’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 ₹22.93, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹23.16, ₹23.58, and ₹23.81, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹22.51, ₹22.28, and ₹21.86, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Mercantile Ventures’s price movement.