Orient Electric technical analysis

According to the latest Pivot data, Orient Electric’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 ₹188.97, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹204.34, ₹214.17, and ₹229.54, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹179.14, ₹163.77, and ₹153.94, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Orient Electric’s price movement.