Motherson Sumi Wiring India technical analysis

According to the latest Pivot data, Motherson Sumi Wiring India’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 ₹59.65, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹60.28, ₹61.36, and ₹61.99, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹58.57, ₹57.94, and ₹56.86, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Motherson Sumi Wiring India’s price movement.