REC technical analysis

According to the latest Pivot data, REC’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 ₹385.77, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹390.54, ₹397.42, and ₹402.19, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹378.89, ₹374.12, and ₹367.24, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in REC’s price movement.