Sambandam Spinning Mills technical analysis

According to the latest Pivot data, Sambandam Spinning Mills’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 ₹137.07, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹141.94, ₹149.82, and ₹154.69, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹129.19, ₹124.32, and ₹116.44, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Sambandam Spinning Mills’s price movement.