EQUITY SWING SETUP 📊
#IKS | Daily Chart Analysis
🔹Structure:-
Price is forming a rounded bottom inside a range, showing Volume Dry-Up during the consolidation phase.
Earnings event is past, reducing uncertainty, and the last two days show pickup in volume, hinting at accumulation.
Key breakout level is ₹1650, above which momentum can accelerate — possible PEAD (Post-Earnings Announcement Drift) candidate.
🟢ENTRY:
Buy above ₹1655 with strong volume confirmation.
♦️RISK:-
Stop Loss: ₹1533 (below recent swing low & support zone)
🎯TARGETS:-
1st Target: ₹1735
2nd Target: ₹1818
📌Detailed Analysis:
Volume dried up significantly during the range, a classic sign of weak hands exiting.
The base is tight, indicating strong hands holding.
Breakout above ₹1650 could trigger a quick momentum burst, especially given the post-earnings context.
Watch for strong volume on breakout day to confirm institutional participation.
📈Mark the levels on your chart and track price behavior near the breakout zone.
#IKS | Daily Chart Analysis
🔹Structure:-
Price is forming a rounded bottom inside a range, showing Volume Dry-Up during the consolidation phase.
Earnings event is past, reducing uncertainty, and the last two days show pickup in volume, hinting at accumulation.
Key breakout level is ₹1650, above which momentum can accelerate — possible PEAD (Post-Earnings Announcement Drift) candidate.
🟢ENTRY:
Buy above ₹1655 with strong volume confirmation.
♦️RISK:-
Stop Loss: ₹1533 (below recent swing low & support zone)
🎯TARGETS:-
1st Target: ₹1735
2nd Target: ₹1818
📌Detailed Analysis:
Volume dried up significantly during the range, a classic sign of weak hands exiting.
The base is tight, indicating strong hands holding.
Breakout above ₹1650 could trigger a quick momentum burst, especially given the post-earnings context.
Watch for strong volume on breakout day to confirm institutional participation.
📈Mark the levels on your chart and track price behavior near the breakout zone.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.