Shivam Chemicals technical analysis

According to the latest Pivot data, Shivam Chemicals’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 ₹56.67, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹57.34, ₹57.67, and ₹58.34, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹56.34, ₹55.67, and ₹55.34, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Shivam Chemicals’s price movement.