Steel Strips Wheels technical analysis

According to the latest Pivot data, Steel Strips Wheels’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 ₹219.54, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹222.98, ₹227.84, and ₹231.28, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹214.68, ₹211.24, and ₹206.38, 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 Strips Wheels’s price movement.