Silly Monks Entertainment technical analysis

According to the latest Pivot data, Silly Monks Entertainment’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 ₹16.03, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹16.27, ₹16.73, and ₹16.97, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹15.57, ₹15.33, and ₹14.87, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Silly Monks Entertainment’s price movement.