"Fibonacci Targets in Play – Gabriel India Approaching Breakout Zone 🚀"

📊 Technical & Fundamental Breakdown 1️⃣ Elliott Wave Structure: Price action suggests we may be in Wave 5 of a larger impulsive move. The recent sideways consolidation near ₹1,100 could be a Wave 4 flag pattern, often preceding the final push. 2️⃣ Fibonacci Levels: Strong breakout above the 1.0 Fib extension (₹916) has pushed price toward the 1.618 target at ₹1,245. Consolidation is healthy and may act as a base for the next leg up. 3️⃣ AVWAP Support: Anchored VWAP from the breakout point (~₹802) is serving as a major support zone. As long as price holds above ₹1,000–₹1,020, the bullish bias remains intact. 4️⃣ Fundamental Strength: ROCE consistently above 20%, signaling operational efficiency. Steady EPS growth over the last 3 years, supported by automotive industry expansion and export demand. 📈 Learning Takeaway When a stock consolidates just below a Fibonacci extension target after a strong impulsive rally, it often signals accumulation before a continuation. Pairing Fib levels, Elliott Wave count, and AVWAP support with strong fundamentals can improve trade conviction.