Patel Engineering technical analysis

According to the latest Pivot data, Patel Engineering’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 ₹40.21, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹40.81, ₹41.79, and ₹42.39, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹39.23, ₹38.63, and ₹37.65, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Patel Engineering’s price movement.