KDDL is still expressing good strength against the relative strength of all over market. Key Observations:
- Price is holding above all key EMA/s represents the underlying strength in price.
- Trend is in totally favor and stock is at Stage 2.
- Above Previous ATH, price halted in sideways base with reduced volume participations.
- After a decent base since a month, price tried to escape base with volume expansion.
- After taking buy side liquidity sweep, price on pullback with low volume participation
- POI is present on breakout re-test area where the last high buyer participation was lastly expressed.
Trade Plan:
Entry : Rs. 3900.00 if price shows reaction from POI.
SL : Rs 3685.00 on daily closing basis act as level of invalidation.
Target : Primarily as 2X of Entry-SL Range, can trail as per future price action.
Stage Progression : Closing below Rs 3500.00 on daily basis shift the stock to Stage 4 and current base might be consider as the Stage 3.
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Disclaimer: This is a personal technical-market observation for educational/informational purposes and is not investment advice. I am not a SEBI-registered investment adviser/research analyst. Please conduct your own research and manage risk according to your individual circumstances.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.