Gabriel India Ltd (GABRIEL) – Weekly Resistance Breakout Setup

12 Mei

✅ Trade Idea:
Price has reclaimed the 0.618 retracement at ₹608.25

Breakout above the ₹612 horizontal level (weekly closing basis)

Volume is rising and RSI shows strong uptrend

💰 Buy Zone:
Entry: ₹610 – ₹613
(preferably above ₹612 on strong 15min or 1H candle close)

🎯 Targets:
T1: ₹630 (previous minor supply zone)

T2: ₹646.65 (Fib 0.786 level)

T3: ₹695.55 (Fib 1.0 extension)

T4: ₹836.85 (1.618 extension for swing positional)

🛑 Stop Loss:
Intraday SL: ₹598 (below 9 EMA on 1H)

Swing SL: ₹581 (Fib 0.5 retracement support)

🔁 Strategy:
Wait for confirmation via volume + RSI > 60

Trail SL to ₹610 once ₹630 is hit

Lock partial profit near ₹646 if market sentiment weakens

For Education Purposes Only

14 Mei

Dagangan aktif

🎯 Targets T2: ₹646.65 (Fib 0.786 level)
Done