Rama Phosphates technical analysis

According to the latest Pivot data, Rama Phosphates’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 ₹120.53, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹122.7, ₹126.06, and ₹128.23, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹117.17, ₹115, and ₹111.64, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Rama Phosphates’s price movement.