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 ₹110.08, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹112.51, ₹114.38, and ₹116.81, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹108.21, ₹105.78, and ₹103.91, 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.