Sharda Motor Industries technical analysis

According to the latest Pivot data, Sharda Motor 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 ₹1861.3, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹1888.1, ₹1920.3, and ₹1947.1, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹1829.1, ₹1802.3, and ₹1770.1, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Sharda Motor Industries’s price movement.