Morepen Laboratories Resistance and Support
Pivot 94.09
Time Period:
Resistance
First Resistance
99.88
Second Resistance
103.29
Third Resistance
109.08
Support
First Support
90.68
Second Support
84.89
Third Support
81.48
Morepen Laboratories Resistance and Support Summary
According to the latest Pivot data, Morepen Laboratories’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 ₹94.09, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹99.88, ₹103.29, and ₹109.08, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹90.68, ₹84.89, and ₹81.48, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Morepen Laboratories’s price movement.
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