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 ₹54.72, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹55.44, ₹56.37, and ₹57.09, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹53.79, ₹53.07, and ₹52.14, 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.