Tamilnad Mercantile Bank technical analysis

According to the latest Pivot data, Tamilnad Mercantile Bank’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 ₹702.38, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹716.76, ₹735.38, and ₹749.76, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹683.76, ₹669.38, and ₹650.76, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Tamilnad Mercantile Bank’s price movement.