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 ₹94.98, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹99.71, ₹104.43, and ₹109.16, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹90.26, ₹85.53, and ₹80.81, 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.