Polycab India technical analysis

According to the latest Pivot data, Polycab India’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 ₹7798.83, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹7877.66, ₹7977.33, and ₹8056.16, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹7699.16, ₹7620.33, and ₹7520.66, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Polycab India’s price movement.