Date 28.09.2024
SASKEN
Timeframe : Weekly
Remarks :
1 Formed rounding cup pattern previously & followed by M pattern structural breakout.
2 Based on negative divergence the breakout didn't sustained & retraced back to neckline of rounding cup.
3 Currently, having support of 60 Weekly ema & 38.2% of Fibonacci.
4 Todays there's huge fire broke out at Tata Electronics plant in Hosur & temporary there could be supply chain & distribution challenge/s.
5 Amid that SASKEN is one of the top competitor of Tata Electronics & could take benefits of that for time being.
6 Keep stop-loss at 60 weekly ema on closing basis.
Regards,
Ankur
SASKEN
Timeframe : Weekly
Remarks :
1 Formed rounding cup pattern previously & followed by M pattern structural breakout.
2 Based on negative divergence the breakout didn't sustained & retraced back to neckline of rounding cup.
3 Currently, having support of 60 Weekly ema & 38.2% of Fibonacci.
4 Todays there's huge fire broke out at Tata Electronics plant in Hosur & temporary there could be supply chain & distribution challenge/s.
5 Amid that SASKEN is one of the top competitor of Tata Electronics & could take benefits of that for time being.
6 Keep stop-loss at 60 weekly ema on closing basis.
Regards,
Ankur
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