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Chart_World
Aug 5, 2022 5:28 PM

WONDERLA Ascending Triangle Breakout Long

WONDERLA HOLIDAYSNSE

Description

NSE:WONDERLABSE:WONDERLA

Observations :-

*Weekly Ascending Triangle Breakout done with high volume
*Symmetrical triangle pattern breakout done with high volume
*Sustained above weekly 200 SMA. Now it is major support.
*RSI trendline break

Resistance – 320 / 371 / 429
Support – 200-215 zone & Weekly 200 SMA

Warning - Q1 Quarterly result is pending.

DISCLAIMER: NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.

Trade closed: target reached

Comments
amey08kulkarni
350-357 seems like a good support zone. Previously we have witnessed extreme buying pressure at the same levels (September) and the price rallied around 27%.
TheNewsCrypto
Looks good
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