Sheel Biotech technical analysis

According to the latest Pivot data, Sheel Biotech’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 ₹42.4, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹43.8, ₹46.6, and ₹48, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹39.6, ₹38.2, and ₹35.4, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Sheel Biotech’s price movement.