Sasken Bang On- Combining Rounding Bottom with Ichimoku Cloud!
Nov 18, 2024
Basic price patterns and price indicators work in unison, leading to interesting results! Our recent analysis on Sasken, affirms this theory and makes one trade more confidently and with certainty! See below our prediction on Sasken, a momentum stock that has rallied by more than 10% in just 2 trading sessions despite major indices falling.
We published Sasken in "Vayu Momentum Report" on 13th November 2024 which our subscribers receive pre-market every day. Check out below the detailed research report that we published.
Sasken Daily chart Anticipated as on 18th November 2024.
Wave Analysis:
SASKEN showed sharp rally in the previous session of more than 9% in a single trading day! The stock has formed a rounding bottom pattern. A close above 1950 can confirm breakout of the said pattern. On the daily chart, prices recently bounced back from the base line(red) of the Ichimoku cloud which is a positive signal.
Key Resistance: 2060
Key Support: 1870
Strategy: Use dips towards 1890-1900 as a buying opportunity for a move towards 2000-2060 levels as long as 1850 holds on the downside
Sasken Daily Happened Chart as on 18th November, 2024. 
Happened – The stock has moved as we anticipated. The stock witnessed a dip and bounced on the upside around the given level of 1890 levels. The stock gained more than 10% and achieved both or targets in just 2 trading sessions, despite market volatility.
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