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 ₹40.32, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹40.84, ₹41.64, and ₹42.16, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹39.52, ₹39, and ₹38.2, 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.