Shalby technical analysis

According to the latest Pivot data, Shalby’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 ₹157.62, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹159.24, ₹161.96, and ₹163.58, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹154.9, ₹153.28, and ₹150.56, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Shalby’s price movement.