Wonderla (cmp 390) has been trading in a range for last 6 months after a rally of almost 150 pts earlier. Its 52 week high & low stands near 430 & 251 respectively.
After a big rally the stock is trading in a range. While doing that it has formed symmetrical triangle continuation chart pattern. The stock seems to be breaking out of the down trending upper trend line.
So it is recommended to go long in the stock for a target of 450 with a stop of 370 on closing basis.
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