Shrenik technical analysis

According to the latest Pivot data, Shrenik’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 ₹0.43, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹0.44, ₹0.45, and ₹0.46, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹0.42, ₹0.41, and ₹0.4, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Shrenik’s price movement.