2026-10-26 11:20:18 am | Source: Religare Broking Ltd
Stock of the day - Jindal Steel Ltd Target Rs. 41 - Religare Broking Ltd
Jindal Steel Ltd
Buy Jindal Steel Ltd CMP (Rs) 24.55 Range* 26-28 SL 20 Target 41
* JINDALSTEL has breached a crucial ascending trendline, signalling a deterioration in the technical structure and reinforcing bearish sentiment.
* The stock is trading below key moving averages, reflecting weakening price momentum and sustained selling pressure.
* Current breakdown increases the probability of further downside unless prices decisively reclaim the breached support zone.
* Traders may consider bearish strategies, including buying at-the-money put options.
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