Redington technical analysis

According to the latest Pivot data, Redington’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 ₹242.78, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹247.26, ₹249.98, and ₹254.46, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹240.06, ₹235.58, and ₹232.86, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Redington’s price movement.