Shahlon Silk Industries technical analysis

According to the latest Pivot data, Shahlon Silk Industries’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 ₹16.16, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹16.72, ₹17.53, and ₹18.09, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹15.35, ₹14.79, and ₹13.98, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Shahlon Silk Industries’s price movement.