Onida Electronics technical analysis

According to the latest Pivot data, Onida Electronics’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 ₹42.69, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹44.28, ₹45.29, and ₹46.88, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹41.68, ₹40.09, and ₹39.08, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Onida Electronics’s price movement.