Modern Steels technical analysis

According to the latest Pivot data, Modern Steels’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 ₹17.14, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹17.53, ₹17.89, and ₹18.28, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹16.78, ₹16.39, and ₹16.03, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Modern Steels’s price movement.