Break out in GUFIC BIO ?

Jun 17, 2023

As we can see from chart GUFIC BIO has formed a big green ingulfing candle on last trading day and touched the resistance level. we have to be little smart here, on Monday if it breaks 233 level and sustaining above that then only we can enter. But if it comes back on 210 level which is a good support level, again we can take some position. We can expect at least 10% as NIFTY PHARMA has also given breakout. Not a recommendation, only for education purpose.

Jul 27, 2023

Trade closed: target reached

Today I successfully exited from this trade on profit of 10%. It was a long swing trading and bit of tricky trade. Purchased this at 240 and got trapped by the bears, I almost reached 12% loss but did not exit because of the reasonable stoploss. Then again it started to bounce back and did not stop till it meets my target.

The Lesson we have learned is to have faith on your trade set-up and hold onto it irrespective of how any circumstances. Eventually Patience will get you rewarded.