Ovobel Foods technical analysis

According to the latest Pivot data, Ovobel Foods’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 ₹155.47, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹157.69, ₹160.17, and ₹162.39, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹152.99, ₹150.77, and ₹148.29, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Ovobel Foods’s price movement.