GAIL (Weekly Chart) – Pattern & Levels Breakdown

🔻 Descending Triangle Breakdown

Price has been respecting a descending triangle:- Flat support near ₹174.
Lower highs forming a down-sloping resistance.
Recent weekly candle has closed below the demand trendline → signalling weakness.
Breakdown Level: ₹174
📌 Fibonacci-Based Downside Targets

Based on the last swing:

Fib 23.6%: ₹154.90

Fib 38.2%: ₹143.60

Fib 50%: ₹127.51

Major Fib 78.6%: ₹115.67 (Strong support zone)
📉 Volume Confirmation

Breakdown candle occurred with elevated volume.
Sellers are active. Demand zones are being tested with weak buying response.