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 ₹1521.63, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹1551.26, ₹1595.13, and ₹1624.76, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹1477.76, ₹1448.13, and ₹1404.26, 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.