MIC Electronics technical analysis

According to the latest Pivot data, MIC Electronics’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 ₹57.07, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹58.99, ₹62.4, and ₹64.32, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹53.66, ₹51.74, and ₹48.33, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in MIC Electronics’s price movement.