Sobha technical analysis

According to the latest Pivot data, Sobha’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 ₹1519.53, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹1531.86, ₹1550.63, and ₹1562.96, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹1500.76, ₹1488.43, and ₹1469.66, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Sobha’s price movement.