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 ₹396.05, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹403, ₹411.9, and ₹418.85, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹387.15, ₹380.2, and ₹371.3, 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.