Jindal Steel Limited
Long

 JINDALSTEL 1 Day Time Frame

38
📊 Daily Pivot & Key Levels

Pivot Point (Reference): ~₹1,010⁠–⁠₹1,010.27
(This is the central level where direction bias flips intraday.)

🔼 Resistance Levels

R1: ~₹1,017.9 – ₹1,018 📈
R2: ~₹1,022.9 – ₹1,041 📈
R3: ~₹1,030.6 – ₹1,049.9 📈
(Breaking and holding above these can signal bullish strength.)

🔽 Support Levels

S1: ~₹1,005.2 – ₹1,006.2 📉
S2: ~₹997.5 – ₹1,012 📉
S3: ~₹992.5 – ₹1,006 📉
(These act as downside cushions — watch for bounces or breakdowns.)

📈 Short‑Term Bias & Indicators

Moving Averages: Near current price, shorter and medium SMAs/EMAs are tight — indicating potential range trading unless breakout occurs.

RSI: Around neutral (~49), not strongly overbought/oversold.

📊 How Traders Use These

Bullish Scenario: Price sustaining above Pivot → target R1 ➜ R2 ➜ R3.

Bearish Scenario: Price breaking below Pivot → test S1 ➜ S2 ➜ S3.

Range Trades: Buy near supports with stop just below; sell near resistance with stop just above.

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