The stock $JINDALSTEL is in a short-term recovery after a sharp correction from its recent highs near ₹1300. The stock has formed a base around ₹1020–₹1040 and is attempting to move higher indicating that selling pressure is easing. Recent candles show improving buying interest with higher lows but the stock is still below its previous swing highs. A sustained move above the immediate resistance will be needed to confirm a stronger trend reversal. Immediate support is placed around ₹1030–₹1040 where buyers have stepped in during recent sessions. If this level breaks, the next support is near ₹1000. On the upside, immediate resistance is at ₹1080–₹1100 followed by a stronger resistance around ₹1150 where heavy selling was seen earlier. The stock is showing early signs of recovery, but confirmation is still required. Traders can watch for a breakout above ₹1100 for fresh upside momentum. Existing investors may continue to hold while the stock remains above ₹1030 whereas a close below this support could lead to another corrective phase. Volume Analysis: The recent bounce has come after a period of lower selling pressure. A rise in volume on a breakout above resistance would strengthen the bullish outlook and confirm fresh buying interest.

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