ANAND RATHI WEALTH LTD – Fibonacci Rally Resumes 🚀📊

📌 Technical Analysis Summary (Weekly Chart): ✅ Fibonacci Retracement Held – Trend Resumption Underway The recent correction found support exactly at the 0.236 retracement level (₹2,090) from the rally that started near ₹400 and peaked at ₹3,666. This shows shallow retracement, indicating strong bullish undertone. ✅ Strong Weekly Bullish Candle + Breakout Attempt This week’s price action (+5.9%) shows a decisive bullish engulfing-type candle closing above ₹2,230. Momentum now targets the next resistance zone near ₹2,396 (0.382 Fib). ✅ Cup & Handle-like Formation Price appears to be forming a rounded bottom with a handle, which if confirmed, would be a classic continuation pattern with a target projection back toward the ₹3,000+ zone. 🎯 Fibonacci Extension Levels: 1.0: ₹3,666 (prior ATH) 1.618: ₹4,616+ → Long-term extension target if breakout sustains Resistance zones: ₹2,396 (0.382) ₹2,638 (0.5) ₹2,881 (0.618) ₹3,226 (0.786) 💡 Interpretation: 🔼 Trend intact: Healthy consolidation, shallow retracement, breakout in progress 💰 Strong earnings, growing AUM & market buoyancy in wealth management sector 📅 Weekly closing above ₹2,400 will likely trigger next leg of upside toward ₹2,650–₹2,880 ✅ Conclusion: Anand Rathi Wealth is showing textbook bullish continuation signals, backed by Fibonacci structure and price confirmation. Long-term investors may consider adding on dips or a breakout above ₹2,396 for potential targets near ₹3,000+.