PEAD in Inventurus Knowledge (IKS)

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.