Shyam Telecom technical analysis

According to the latest Pivot data, Shyam Telecom’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 ₹16.61, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹16.73, ₹16.94, and ₹17.06, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹16.4, ₹16.28, and ₹16.07, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Shyam Telecom’s price movement.