Religare Enterprises technical analysis

According to the latest Pivot data, Religare Enterprises’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 ₹226.37, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹229.88, ₹232.96, and ₹236.47, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹223.29, ₹219.78, and ₹216.7, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Religare Enterprises’s price movement.