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 ₹448.93, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹462.16, ₹473.18, and ₹486.41, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹437.91, ₹424.68, and ₹413.66, 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.