MRF technical analysis

According to the latest Pivot data, MRF’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 ₹132021.67, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹132903.34, ₹134131.67, and ₹135013.34, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹130793.34, ₹129911.67, and ₹128683.34, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in MRF’s price movement.