Shaily Engineering Plastics technical analysis

According to the latest Pivot data, Shaily Engineering Plastics’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 ₹1739.9, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹1774.8, ₹1829.9, and ₹1864.8, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹1684.8, ₹1649.9, and ₹1594.8, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Shaily Engineering Plastics’s price movement.