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 ₹1642.33, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹1652.16, ₹1665.13, and ₹1674.96, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹1629.36, ₹1619.53, and ₹1606.56, 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.