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 ₹352.12, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹356.24, ₹360.87, and ₹364.99, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹347.49, ₹343.37, and ₹338.74, 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.