The South Indian Bank technical analysis

According to the latest Pivot data, The South Indian 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 ₹29.24, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹29.68, ₹30.32, and ₹30.76, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹28.6, ₹28.16, and ₹27.52, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in The South Indian Bank’s price movement.