Merritronix technical analysis

According to the latest Pivot data, Merritronix’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 ₹387.47, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹392.94, ₹402.82, and ₹408.29, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹377.59, ₹372.12, and ₹362.24, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Merritronix’s price movement.