Steel Exchange India technical analysis

According to the latest Pivot data, Steel Exchange 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 ₹8.06, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹8.2, ₹8.43, and ₹8.57, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹7.83, ₹7.69, and ₹7.46, 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 Exchange India’s price movement.