Welcast Steels technical analysis

According to the latest Pivot data, Welcast Steels’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 ₹1209.58, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹1278.96, ₹1329.38, and ₹1398.76, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹1159.16, ₹1089.78, and ₹1039.36, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Welcast Steels’s price movement.