NIBE technical analysis

According to the latest Pivot data, NIBE’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 ₹1040.27, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹1065.04, ₹1110.87, and ₹1135.64, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹994.44, ₹969.67, and ₹923.84, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in NIBE’s price movement.