Rites technical analysis

According to the latest Pivot data, Rites’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 ₹273.83, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹279.66, ₹288.83, and ₹294.66, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹264.66, ₹258.83, and ₹249.66, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Rites’s price movement.