Shalimar Paints technical analysis

According to the latest Pivot data, Shalimar Paints’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 ₹96.47, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹97.54, ₹98.94, and ₹100.01, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹95.07, ₹94, and ₹92.6, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Shalimar Paints’s price movement.