KDDL Limited
Long

KDDL Triangle Pattern Breakout

106
๐Ÿ“Š 1. Price Action Breakdown
โœ… Breakout Confirmed:

Clear breakout from a descending triangle/consolidation pattern, backed by high volume.

Broke past multiple lower highs and trendline resistance.

๐Ÿ“ˆ Structure:

Formed higher low support near โ‚น2,350โ€“โ‚น2,400 zone.

Breakout bar was wide-range and on extreme volume โ€” a sign of institutional participation.

๐Ÿ” Entry Strategy:

Ideal entries lie in the Fibonacci retracement zone (38.2%โ€“61.8%), roughly โ‚น2,650โ€“โ‚น2,750, if the price pulls back.

Safer for swing traders to wait for that zone.

๐ŸŽฏ Target Zone:

โ‚น3,250โ€“โ‚น3,350 range (based on measured move and previous resistance).

This offers a 14%+ move, but as per our plan, aiming for 4โ€“5% consistent profit is wise.

๐Ÿ“ฆ 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.

๐Ÿงญ 3. Stage Classification
โœ… 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.

๐Ÿงฏ 4. Trade Plan Summary
Metric Value
๐Ÿ“Œ Entry Range โ‚น2,650โ€“โ‚น2,750 (Fibonacci zone)
๐Ÿงฏ Stop Loss โ‚น2,400โ€“โ‚น2,450
๐Ÿ“ˆ Target 1 โ‚น3,100โ€“โ‚น3,200
๐Ÿ“ˆ Target 2 (Positional) โ‚น3,300โ€“โ‚น3,350
๐Ÿ’ก Reward:Risk 1:2+ potential if managed well

โœ… 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 typo

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