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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.