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 ₹124, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹125.5, ₹128.5, and ₹130, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹121, ₹119.5, and ₹116.5, 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.