Steel Authority Of India technical analysis

According to the latest Pivot data, Steel Authority Of India’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 ₹125.44, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹127.03, ₹128.91, and ₹130.5, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹123.56, ₹121.97, and ₹120.09, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Steel Authority Of India’s price movement.