Hi Aditya,
Meditation has been the bedrock of my life now for over a decade. It definitely does help with stabilizing the mental-emotional states which you have asked about. If you're new to meditation, and have strong emotional volatility presently, then dynamic, cathartic meditations would be much more useful than watching the breath or meditating on a mantra. You need to purge your body/mind of the deep seated anger, frustration, fear etc before you can be prepared to sit in silence and achieve a deeper stillness and silence.
Good luck!
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