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 ₹2573.43, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹2621.26, ₹2693.23, and ₹2741.06, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹2501.46, ₹2453.63, and ₹2381.66, 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.