Southern Magnesium & Chemicals technical analysis

According to the latest Pivot data, Southern Magnesium & Chemicals’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 ₹120.32, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹121.64, ₹124.27, and ₹125.59, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹117.69, ₹116.37, and ₹113.74, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Southern Magnesium & Chemicals’s price movement.