Purple Wave Infocom technical analysis

According to the latest Pivot data, Purple Wave Infocom’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 ₹116.17, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹118.34, ₹122.17, and ₹124.34, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹112.34, ₹110.17, and ₹106.34, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Purple Wave Infocom’s price movement.