NMDC Steel technical analysis

According to the latest Pivot data, NMDC Steel’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 ₹37.3, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹37.87, ₹38.67, and ₹39.24, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹36.5, ₹35.93, and ₹35.13, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in NMDC Steel’s price movement.