Scoda Tubes technical analysis

According to the latest Pivot data, Scoda Tubes’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 ₹123.82, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹127.03, ₹131.01, and ₹134.22, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹119.84, ₹116.63, and ₹112.65, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Scoda Tubes’s price movement.