Paramount Speciality Forgings technical analysis

According to the latest Pivot data, Paramount Speciality Forgings’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 ₹41.2, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹41.8, ₹43, and ₹43.6, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹40, ₹39.4, and ₹38.2, 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 Speciality Forgings’s price movement.