Universal Cables technical analysis

According to the latest Pivot data, Universal Cables’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 ₹1025.68, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹1057.36, ₹1098.28, and ₹1129.96, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹984.76, ₹953.08, and ₹912.16, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Universal Cables’s price movement.