MPS technical analysis

According to the latest Pivot data, MPS’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 ₹2723.27, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹2846.44, ₹2923.17, and ₹3046.34, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹2646.54, ₹2523.37, and ₹2446.64, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in MPS’s price movement.