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 ₹88.95, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹89, ₹89.03, and ₹89.08, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹88.92, ₹88.87, and ₹88.84, 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.