Nilachal Refractories technical analysis

According to the latest Pivot data, Nilachal Refractories’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 ₹38.88, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹40.52, ₹41.95, and ₹43.59, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹37.45, ₹35.81, and ₹34.38, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Nilachal Refractories’s price movement.