"Hyundai Motors: Fibonacci Levels Unlock Next Targets"

📊 Technical View 1️⃣ Price Action: Stock broke out above its major resistance (~₹2,210) after consolidating. Post-breakout, it rallied sharply and is now around the 61.8% retracement zone (~₹2,495), a key Fibonacci level. 2️⃣ Fibonacci Analysis: Retracement levels: 0.236 = ₹2,213 0.382 = ₹2,321 0.5 = ₹2,408 0.618 = ₹2,495 ✅ (currently testing) 0.786 = ₹2,618 Extension target (1.618): ₹3,229 If stock sustains above ₹2,500 → momentum may take it toward ₹2,775 → ₹3,229. 3️⃣ Key Levels: Immediate support: ₹2,400 / ₹2,210 Upside targets: ₹2,618 / ₹2,775 / ₹3,229 Trend invalidation: Close below ₹2,210 📈 Learning Takeaway Fibonacci retracement helps identify key support/resistance after a breakout. Extension levels (like 1.618) often serve as long-term profit targets. Current zone (~₹2,495) is crucial → either a consolidation or strong breakout move.