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.
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