KDDL

Sun May 21, 2023

Descending broadening wedge pattern.

KDDL formed a strong base pattern of 34 weeklong, despite that prices are not able to clear pattern high convincingly and coiling in an upward inclined channel just below the pattern high. As long as prices stays in channel it is ok and will wait for prices to break pattern high + channel top trendline to deploy main chunk.
Another thing which I noticed is promoter & director of company Anuradha Saboo & Yashvardhan Saboo is consistently adding stocks (increasing stake) since August 2022.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

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