๐ 1. Price Action Breakdown
โ Breakout Confirmed:
Clear breakout from a descending triangle/consolidation pattern, backed by high volume.
Broke past multiple lower highs and trendline resistance.
๐ Structure:
Formed higher low support near โน2,350โโน2,400 zone.
Breakout bar was wide-range and on extreme volume โ a sign of institutional participation.
๐ Entry Strategy:
Ideal entries lie in the Fibonacci retracement zone (38.2%โ61.8%), roughly โน2,650โโน2,750, if the price pulls back.
Safer for swing traders to wait for that zone.
๐ฏ Target Zone:
โน3,250โโน3,350 range (based on measured move and previous resistance).
This offers a 14%+ move, but as per our plan, aiming for 4โ5% consistent profit is wise.
๐ฆ 2. Volume Analysis
High Volume Spike on breakout bar = strong confirmation.
Prior to breakout, volume was compressing โ classic coiling pattern behavior before explosive move.
๐งญ 3. Stage Classification
โ Current Stage: Stage 2 โ Early Markup Phase
Reasons:
Breaking out from a long correction/consolidation.
High-volume confirmation.
Higher lows and breakout from downtrend.
Clear resistance zones above, making it a trending candidate.
๐งฏ 4. Trade Plan Summary
Metric Value
๐ Entry Range โน2,650โโน2,750 (Fibonacci zone)
๐งฏ Stop Loss โน2,400โโน2,450
๐ Target 1 โน3,100โโน3,200
๐ Target 2 (Positional) โน3,300โโน3,350
๐ก Reward:Risk 1:2+ potential if managed well
โ Conclusion
KDDL Ltd is in a Stage 2 breakout phase, with a textbook setup:
Strong volume breakout
Pullback expected
Defined entry and SL zones
โ Breakout Confirmed:
Clear breakout from a descending triangle/consolidation pattern, backed by high volume.
Broke past multiple lower highs and trendline resistance.
๐ Structure:
Formed higher low support near โน2,350โโน2,400 zone.
Breakout bar was wide-range and on extreme volume โ a sign of institutional participation.
๐ Entry Strategy:
Ideal entries lie in the Fibonacci retracement zone (38.2%โ61.8%), roughly โน2,650โโน2,750, if the price pulls back.
Safer for swing traders to wait for that zone.
๐ฏ Target Zone:
โน3,250โโน3,350 range (based on measured move and previous resistance).
This offers a 14%+ move, but as per our plan, aiming for 4โ5% consistent profit is wise.
๐ฆ 2. Volume Analysis
High Volume Spike on breakout bar = strong confirmation.
Prior to breakout, volume was compressing โ classic coiling pattern behavior before explosive move.
๐งญ 3. Stage Classification
โ Current Stage: Stage 2 โ Early Markup Phase
Reasons:
Breaking out from a long correction/consolidation.
High-volume confirmation.
Higher lows and breakout from downtrend.
Clear resistance zones above, making it a trending candidate.
๐งฏ 4. Trade Plan Summary
Metric Value
๐ Entry Range โน2,650โโน2,750 (Fibonacci zone)
๐งฏ Stop Loss โน2,400โโน2,450
๐ Target 1 โน3,100โโน3,200
๐ Target 2 (Positional) โน3,300โโน3,350
๐ก Reward:Risk 1:2+ potential if managed well
โ Conclusion
KDDL Ltd is in a Stage 2 breakout phase, with a textbook setup:
Strong volume breakout
Pullback expected
Defined entry and SL zones
Note
cautious typoRelated publications
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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.