Morepen Laboratories technical analysis

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 ₹61, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹62.29, ₹64.42, and ₹65.71, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹58.87, ₹57.58, and ₹55.45, 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.