Wonderla - Forming a ConsolidationWonderla is forming a consolidation near ATH. The stock is in a strong bull run, and on break of the consolidation can give a good move continuing the bull run.
It is important that there is a breakout from the marked consolidation with a good volume.
This is only for informational purposes, not a trading advise.
WONDERLA trade ideas
Wonderla Holidays Ltd view for Intraday 5th Dec #WONDERLA Wonderla Holidays Ltd view for Intraday 5th Dec #WONDERLA
Resistance 900. Watching above 903 for upside movement...
Support area 878-880 Below 890 ignoring upside momentum for intraday
Support 878-880 Watching below 877 for downside movement...
Resistance area 900
Above 890 ignoring downside move for intraday
Charts for Educational purposes only.
Please follow strict stop loss and risk reward if you follow the level.
Thanks,
V Trade Point
WONDERLA HOLIDAYS LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory.
Combining RSI with Support and Resistance:
Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal.
Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
WONDERLA Stock name = Wonderla Holidays Limited.
Daily chart setup
Chart is self explanatory. Levels of breakout, possible up-moves.
Master Score - A
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations. I am not SEBI registered. please consult your financial advisor before taking any trade.
WONDERLA HOLIDAYS NEAR TO BREAKOUT Wonderla Holidays Daily Chart Near Breakout
1. Close within 52 W High Zone 1013.80(-3.4%)
2. Rally Base(Cup & Handle) Rally (RBR) is a simple price action pattern that shows a strong demand zone on the chart. This means a specific area on the chart where the number of buyers are increasing.
3. Close above previous day High(967.95)
4. Close above last week High(969.95)
5. High increase in 1 month (+11.6%)
6. High increase in 6 months (+55.0%)
6. High increase in 1 year (+118.1%)
7. Promoter holding 69.7%
8. Pledged percentage 0.00 %
9. Change in Prom Hold 0.02%
10. FII holding 4.50%
11. Chg in FII Hold 0.46%
12. DII holding 4.29%
13. Chg in DII Hold 0.03%
14. Stock PE 32.5
15. Industry PE 32.5
16. ROCE 22.0%
17. ROE 16.4%
Promoter, FII & DII had increased their holdings in last quarter.
For Educational Purpose Only
This is not buy/sell signal.
This is not to predict future price movements.
Wonderla ascending triangle and all time high breakoutWonderla 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
"N" pattern breakout with a good support in RSI Wonderla holiday can break a strong resistance zone after 4 year by giving breakout of N pattern with good rsi support which make its breakout more strong 💪 soo buy wonderla holidays at 375
Target 382 392 396 404 420
Sl 333
Must buy it !!
Have a profitable portfolio 😊
Wonderla was also a good stock for longterm for our side it has been soon touch the mark of 550-600 for longterm sl will be 259
Wonderla - Swing trade🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
wonderlaThe company is one of the largest operators of amusement parks in India. It currently owns and operates two amusement parks under the brand name ‘Wonderla’, situated at Kochi and Bangalore and are in the process of setting up its third amusement park in Ranga Reddy District of Andhra Pradesh, Wonderla Hyderabad. The company also owns and operates a resort beside its amusement park in Bangalore under the brand name ‘Wonderla Resort’ which has been operational since March 2012.
The company’s amusement parks offer a wide range of water and land based attractions catering to all age groups. It has 22 water based attractions and 33 land based attractions at Wonderla Kochi, situated on 93.17 acres of land and 20 water based attractions and 35 land based attractions at Wonderla Bangalore, situated on 81.75 acres of land. The company’s resort operated under the name, Wonderla Resort, is a ‘Three Star’ leisure resort located beside its amusement park in Bangalore comprising of 84 luxury rooms, with amenities including banquet halls, a board room, conference rooms, a multi-cuisine restaurant, a solar heated swimming pool, recreation area, kids’ activity centre and a well equipped gym. Further, for setting up its proposed amusement park in Ranga Reddy District of Andhra Pradesh, the company has acquired 49.57 acres of land.
The company’s Promoter, Kochouseph Chittilappilly in the year 1996 had incorporated V-Guard Industries, Wonderla’s Group Company, which is listed on BSE and NSE since 2008. The company’s Promoters launched its first amusement park in Kochi in the year 2000, by the name ‘Veegaland’ and the second amusement park in Bangalore in the year 2005, by the name ‘Wonderla’. Pursuant to a scheme of amalgamation the erstwhile ‘Veega Holidays and Parks Private Limited’ which owned and operated ‘Veegaland’, merged with the company with effect from April 1, 2008 and consequently both of its amusement parks are being operated under the name ‘Wonderla’.