Stock Radar: Chalet Hotels stock breaks out from Ascending Triangle pattern; time to buy?

Chalet Hotels stock has broken out from an ascending triangle pattern. Experts suggest short-term traders can buy the stock for higher targets. The stock previously hit a high of Rs 1,080 but then declined significantly. It has since formed a strong base and rallied over 16% in three months. Sustaining above Rs 845 could lead to further price appreciation.