Simplex Castings technical analysis

According to the latest Pivot data, Simplex Castings’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 ₹315.65, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹321.3, ₹330.45, and ₹336.1, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹306.5, ₹300.85, and ₹291.7, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Simplex Castings’s price movement.