**GMR POWER - Fibonacci Retracement Play | Weekly Setup**
📊 **Long-Term Accumulation Zone with Multiple Entry Strategies**
**Technical Setup:**
✅ Trading in Fibonacci retracement zone (0.382-0.618)
✅ Consolidating after strong base formation from 60-70 levels
✅ Weekly timeframe showing accumulation pattern
✅ RSI neutral with room for upside momentum
**Current Price:** 109.58
**Entry Strategies:**
**Aggressive Buy:** Current levels (109-115)
- For momentum traders
- Quick move possible to 126+
**Conservative Buy:** Above 126.60 breakout
- Confirmation entry
- Lower risk, higher conviction
**Fibonacci Levels:**
- 0.382: 119.54 (minor resistance)
- 0.5: 128.87 (key breakout level)
- 0.618: 138.19 (major resistance)
- 0.786: 151.46 (swing target)
**Targets:**
- **Grand Swing Target:** 158.70
- **Short to Long-Term:** 189-217 zone
**Support/SL:** Below 98.71 (weekly candle close basis)
**Strategy:** Ideal for patient investors. Accumulate in current zone or wait for 126+ breakout. Weekly structure suggests strong upside potential once consolidation completes.
**Disclaimer:** This is for educational purposes only and not financial advice. Do your own research and consult a financial advisor before investing. Trade at your own risk.
📊 **Long-Term Accumulation Zone with Multiple Entry Strategies**
**Technical Setup:**
✅ Trading in Fibonacci retracement zone (0.382-0.618)
✅ Consolidating after strong base formation from 60-70 levels
✅ Weekly timeframe showing accumulation pattern
✅ RSI neutral with room for upside momentum
**Current Price:** 109.58
**Entry Strategies:**
**Aggressive Buy:** Current levels (109-115)
- For momentum traders
- Quick move possible to 126+
**Conservative Buy:** Above 126.60 breakout
- Confirmation entry
- Lower risk, higher conviction
**Fibonacci Levels:**
- 0.382: 119.54 (minor resistance)
- 0.5: 128.87 (key breakout level)
- 0.618: 138.19 (major resistance)
- 0.786: 151.46 (swing target)
**Targets:**
- **Grand Swing Target:** 158.70
- **Short to Long-Term:** 189-217 zone
**Support/SL:** Below 98.71 (weekly candle close basis)
**Strategy:** Ideal for patient investors. Accumulate in current zone or wait for 126+ breakout. Weekly structure suggests strong upside potential once consolidation completes.
**Disclaimer:** This is for educational purposes only and not financial advice. Do your own research and consult a financial advisor before investing. Trade at your own risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
