DHARMESH BHATT (SEBI Regi. Research Analyst - (INH000009685)
JINDALSTEL
JINDLSTEEL CLOSE on 21.08.2026 : 1127.80
Strategy : Buy at dip
Stock has formed Cup and Handle formation on Daily chart , stock having support near 1080-1090 , we may see as accumulation if price come to this level , which may support to pull back the price towards 1150-1160 gradually .
Moreover, over all metal sector is in rebound mode that is major metal stock has been witnessed accumulation on lower side , that is stable to positive bias , which may also suppport to sustain stock on positive side.
over all positve bias with volume buildup gradually , may result in price of stock to remain upper side even after some dip in prices face by stock .