Wonderla Holidays a powerful script under hospitality sector in India , gave a classic ascending triangle breakout few weeks back and made a new all time high on daily closing basis. The script has been cooling off near the highs and looks ready for levels of 550+ on charts. The target level I have calculated based on the height of the ascending triangle pattern. Its a good setup with stoploss of 330 on daily closing basis and target of 550 + one can trail the SL once target is hit. This can be a long term play till the time the momentum exists in the script
Trade closed: target reached
⋅
Hi,
The target has reached for this setup , one can take exit from this and look at my new ideas shared :)