MPDL technical analysis

According to the latest Pivot data, MPDL’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 ₹49.02, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹51.73, ₹53.63, and ₹56.34, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹47.12, ₹44.41, and ₹42.51, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in MPDL’s price movement.