Sheela Foam technical analysis

According to the latest Pivot data, Sheela Foam’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 ₹704.55, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹709.9, ₹717.35, and ₹722.7, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹697.1, ₹691.75, and ₹684.3, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Sheela Foam’s price movement.