Stock Radar: JSPL forms Ascending Triangle pattern on weekly charts, could hit fresh 52-week high soon

Jindal Steel & Power Ltd, part of the iron & steel industry, has formed an Ascending Triangle pattern on the weekly charts and a breakout above the neckline could trigger fresh momentum.Short-term traders with a high-risk profile can look to buy the stock for a possible target of Rs 1,090 in the next 1-2 months, suggest experts.The stock hit a high of Rs 1,073 on September 17, 2024, but it failed to hold the momentum. It closed at Rs 999 on