Gabriel India (Daily Chart) – Technical View

$GABRIEL The chart shows a large inverse head-and-shoulders / ABC corrective structure completion followed by a breakout above a major resistance zone near ₹1,155–1,160. What I Like ✅ Resistance Breakout Price has decisively crossed the horizontal resistance around ₹1,156. This level acted as a ceiling multiple times. ✅ Higher High Formation The stock has created a new swing high above previous peaks. Trend has shifted from consolidation to expansion. ✅ Strong Momentum Candle Breakout candle is large and closes near the high. Indicates institutional participation rather than a weak breakout. ✅ Measured Move Target Your wave projection toward ₹1,500–1,550 looks technically reasonable. The distance from the bottom near ₹800 to neckline near ₹1,160 projects into the ₹1,450–1,550 zone. Key Levels Support Zone ₹1,150 – ₹1,160 (major breakout level) As long as price stays above this zone, the bullish structure remains intact. Intermediate Targets ₹1,300 ₹1,380 ₹1,450 Major Target ₹1,500 – ₹1,550 This aligns well with the projected Wave-5 objective shown on the chart.