$NSE:WONDERLA : Triangle Pattern Bullish View

WONDERLA
WONDERLA HOLIDAYS LTD

*Chart Type:* Daily
*Date of Analysis:* June 11, 2025
*CMP:* ₹666.30 (+3.30%)
*Volume:* 66.9K (Above Average)

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### *Chart Observations*

#### 🔷 *Pattern Formation*

* *Symmetrical Triangle* breakout appears in progress.
* Price has closed *above triangle resistance* (\~₹665), indicating a potential bullish breakout.
* Prior consolidation between *₹600–₹714* has created a solid base.

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#### 📊 *Fibonacci Retracement Levels (From ₹947.40 to ₹600)*

* *0.786:* ₹674.35 → *Now testing this level*
* *0.618:* ₹732.70 → *Likely next target post breakout*
* *0.5:* ₹773.70 → Midway retracement
* *0.382:* ₹814.70 → Strong resistance zone
* *0.236:* ₹865.40 → Extended target

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### *Indicators Used*

#### ✅ *RSI:*

* RSI turning up with a current reading around *55–60*, showing *positive momentum* building.
* RSI bounce from neutral zone suggests fresh buying interest.

#### ✅ *Volume:*

* *Volume spike* on breakout candle confirms strength.
* *Volume Run Rate:* 72.6% of avg → Signaling participation

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### *Moving Averages*

* Price has crossed *short-term EMAs* and is heading toward the *200-day MA* (\~₹690–₹700 zone).
* Sustained close above 200-DMA will strengthen bullish trend further.

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Key Levels to Watch (WONDERLA)
🔹 Immediate Resistance: ₹674–₹690
↪️ Testing 0.786 Fibonacci level + 200-DMA zone

🎯 Short-Term Target: ₹732
↪️ Aligned with 0.618 Fibonacci retracement

🎯 Mid-Term Target: ₹773
↪️ 0.5 Fib level and psychological resistance

🎯 Extended Targets: ₹814 / ₹865
↪️ Based on 0.382 and 0.236 Fibonacci retracements

🔻 Support: ₹645
↪️ Triangle base & recent swing low

🛡️ Major Support Zone: ₹600–₹615
↪️ Strong historical demand zone & pattern bottom
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🔔 Trading Strategy
Bias: Bullish

✅ Entry on dips above ₹665, maintaining a stop-loss at ₹645
🎯 Initial Target: ₹732
🎯 Next Target: ₹773
🔁 Once breakout is confirmed, trail stop-loss to entry level to lock in gains

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### ⚠️ *Risks & Disclaimer*

* *Markets can be volatile*, and chart patterns may fail.
* *Set Stop Losses*, position sizing is critical.
* This analysis is for *educational purposes only* and not financial advice. Please consult your financial advisor before investing.