Promax Power technical analysis

According to the latest Pivot data, Promax Power’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 ₹16, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹16.99, ₹17.49, and ₹18.48, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹15.5, ₹14.51, and ₹14.01, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Promax Power’s price movement.