Sofcom Systems technical analysis

According to the latest Pivot data, Sofcom Systems’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 ₹82.18, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹86.86, ₹89.83, and ₹94.51, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹79.21, ₹74.53, and ₹71.56, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Sofcom Systems’s price movement.