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 ₹60.28, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹61.95, ₹63.97, and ₹65.64, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹58.26, ₹56.59, and ₹54.57, 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.