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 ₹110.65, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹115.3, ₹118.65, and ₹123.3, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹107.3, ₹102.65, and ₹99.3, 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.