Shoppers Stop technical analysis

According to the latest Pivot data, Shoppers Stop’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 ₹346.5, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹359.9, ₹382.55, and ₹395.95, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹323.85, ₹310.45, and ₹287.8, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Shoppers Stop’s price movement.