Raj Oil Mills technical analysis

According to the latest Pivot data, Raj Oil Mills’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 ₹54.88, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹57.54, ₹62.16, and ₹64.82, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹50.26, ₹47.6, and ₹42.98, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Raj Oil Mills’s price movement.