Short to Swing Investment Stock - GMR POWER**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
