Jindal Stainless Ltd – Daily Technical View

📊 Jindal Stainless Ltd – Daily Technical View The stock has witnessed a sharp corrective move after a strong rally, followed by a bounce from the lower Bollinger Band, indicating short-term relief buying. 🔍 Technical Observations: Price is currently below 20 EMA, showing near-term weakness Lower Bollinger Band acted as support, from where a pullback is visible RSI cooled off from overbought levels and is attempting to stabilize 🔑 Key Levels: Immediate Support: ₹750 – ₹740 Resistance Zone: ₹820 – ₹860 📈 Outlook: If the stock holds above ₹750, short-term consolidation with a positive bias is possible. Sustained upside momentum will require a decisive close above ₹820. ⚠️ For educational purposes only. — AALGO BREATHS