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 ₹100.78, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹103.86, ₹108.08, and ₹111.16, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹96.56, ₹93.48, and ₹89.26, 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.