Rainbow Foundations technical analysis

According to the latest Pivot data, Rainbow Foundations’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 ₹55.56, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹60.02, ₹62.25, and ₹66.71, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹53.33, ₹48.87, and ₹46.64, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Rainbow Foundations’s price movement.