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 ₹37.13, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹37.36, ₹37.73, and ₹37.96, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹36.76, ₹36.53, and ₹36.16, 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.