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 ₹5874.67, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹5962.34, ₹6102.67, and ₹6190.34, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹5734.34, ₹5646.67, and ₹5506.34, 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.