GGGL: Potential Weekly Breakout Trade

GGGL presents an interesting weekly trading opportunity. The stock recently broke out from an approximately 100-week consolidation period, signaling a potential long-term upside. Following the breakout, the price successfully retested the weekly support zone around 8. The weekly candle closed at the 0.5 Fibonacci retracement level, a key area for potential reversals. A bullish divergence initially signaled potential upside, and although the price subsequently entered a consolidation phase, the RSI has now synced with the price action, suggesting renewed upward momentum.

Trading Recommendations:
Buy 1 (CMP): 8.5
Buy 2: 7
Stop-Loss: Closing below 5.5
Take Profit 1: 10.5

Other Potential Targets: 16, 20, and 30 (near all-time highs)

Happy trading!