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 ₹670.88, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹683.26, ₹700.18, and ₹712.56, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹653.96, ₹641.58, and ₹624.66, 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.