Shah Alloys technical analysis

According to the latest Pivot data, Shah Alloys’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 ₹65.55, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹67.6, ₹69.37, and ₹71.42, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹63.78, ₹61.73, and ₹59.96, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Shah Alloys’s price movement.