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 ₹8012.83, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹8075.66, ₹8187.83, and ₹8250.66, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹7900.66, ₹7837.83, and ₹7725.66, 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.