Paradeep Phosphates technical analysis

According to the latest Pivot data, Paradeep Phosphates’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 ₹165.3, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹167.91, ₹171.8, and ₹174.41, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹161.41, ₹158.8, and ₹154.91, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Paradeep Phosphates’s price movement.