Transchem technical analysis

According to the latest Pivot data, Transchem’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 ₹163.53, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹164.16, ₹164.48, and ₹165.11, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹163.21, ₹162.58, and ₹162.26, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Transchem’s price movement.