KDDL Triangle Pattern Breakout

6월 16일

📊 1. Price Action Breakdown
✅ Breakout Confirmed:

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

Broke past multiple lower highs and trendline resistance.

📈 Structure:

Formed higher low support near ₹2,350–₹2,400 zone.

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

🔁 Entry Strategy:

Ideal entries lie in the Fibonacci retracement zone (38.2%–61.8%), roughly ₹2,650–₹2,750, if the price pulls back.

Safer for swing traders to wait for that zone.

🎯 Target Zone:

₹3,250–₹3,350 range (based on measured move and previous resistance).

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

📦 2. Volume Analysis
High Volume Spike on breakout bar = strong confirmation.

Prior to breakout, volume was compressing — classic coiling pattern behavior before explosive move.

🧭 3. Stage Classification
✅ Current Stage: Stage 2 – 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.

🧯 4. Trade Plan Summary
Metric Value
📌 Entry Range ₹2,650–₹2,750 (Fibonacci zone)
🧯 Stop Loss ₹2,400–₹2,450
📈 Target 1 ₹3,100–₹3,200
📈 Target 2 (Positional) ₹3,300–₹3,350
💡 Reward:Risk 1:2+ potential if managed well

✅ Conclusion
KDDL Ltd is in a Stage 2 breakout phase, with a textbook setup:

Strong volume breakout

Pullback expected

Defined entry and SL zones

6월 16일

노트

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