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.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.