Sonam technical analysis

According to the latest Pivot data, Sonam’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 ₹54.41, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹54.81, ₹55.4, and ₹55.8, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹53.82, ₹53.42, and ₹52.83, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Sonam’s price movement.