Shalimar Wires Industries technical analysis

According to the latest Pivot data, Shalimar Wires 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 ₹18.88, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹20.31, ₹22.22, and ₹23.65, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹16.97, ₹15.54, and ₹13.63, 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 Wires Industries’s price movement.