Sumitomo Chemical India technical analysis

According to the latest Pivot data, Sumitomo Chemical 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 ₹502.05, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹506, ₹509.75, and ₹513.7, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹498.3, ₹494.35, and ₹490.6, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Sumitomo Chemical India’s price movement.