Raymond technical analysis

According to the latest Pivot data, Raymond’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 ₹592.35, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹602.7, ₹619.25, and ₹629.6, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹575.8, ₹565.45, and ₹548.9, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Raymond’s price movement.