Paramount Communications technical analysis

According to the latest Pivot data, Paramount Communications’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 ₹53.06, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹54.07, ₹55.62, and ₹56.63, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹51.51, ₹50.5, and ₹48.95, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Paramount Communications’s price movement.