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 ₹182.66, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹185.21, ₹189, and ₹191.55, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹178.87, ₹176.32, and ₹172.53, 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.