“GPIL: Breakout from 18-Month Range with Fibonacci Targets 🚀📊”

📊 Technical Breakdown 1️⃣ Long Consolidation: Stock was stuck in ₹165–₹240 range for ~18 months. Now gave a weekly breakout above ₹240 with strong volume. 2️⃣ Fibonacci Extensions: Breakout aligns well with Fib extension levels. Key levels to watch: 1.618 = ₹200 (already cleared, now support) 2.618 = ₹295 → next major target 🎯 3️⃣ Trend: Clear uptrend resumption after sideways base. Strong momentum candle confirms breakout strength. 4️⃣ Supports: Immediate: ₹237–₹240 (breakout zone). Strong support: ₹200 (previous Fib + base). 5️⃣ Risk: If stock fails to sustain above ₹240 on weekly close, it may slip back into the range. 🚦 Learning Angle for Post “When consolidation meets Fibonacci confluence, breakouts often lead to powerful moves.”