Sonal Mercantile technical analysis

According to the latest Pivot data, Sonal Mercantile’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 ₹87.48, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹87.51, ₹87.53, and ₹87.56, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹87.46, ₹87.43, and ₹87.41, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Sonal Mercantile’s price movement.