Trendline BO with volume in Guficbio...
SL at 182
good for long term also
Market Cap--₹ 2,023 Cr.
Promoter holding-- 75.5 %
FII holding-- 1.52 %
DII holding-- 2.13 %
Debt-- ₹ 35.3 Cr.
Public holding--20.9 %
This chart is only for educational purposes. Do your due diligence before investing or trading. I'm not responsible for any profits or losses that arise from your actions. The purpose of sharing this chart is only for education, and it serves as my personal diary.
Buy at cmp with stop loss below 170 for target of 3 times of risk. 2 long lower wicks candle on 65 DEMA is a sign of demand. Stock is in brief consolidation. Counter perfectly absorbed selling pressure in mid cap and small cap index.
Disc : it's not an investment advice to buy or sell
*FOR EDUCATIONAL PURPOSE ONLY*
According to Top down analysis overall at bullish trend, Demand zone remains at buy range shown above with the golden ration of 61% for medium term and could be possibly the multibagger on higher time frame, entry may initiate in 3 months approx. Keep eye on
Ride the megatrend with "Gufic Biosciences Limited" (GBSL), an India-based company operating in four business segments: formulations, bulk drugs, consumer products and agro products.
Fundamentals supporting it be a potential multibagger:
The Indian healthcare sector is expected to reach US$ 372 billion by 2024, driven by rising incomes, greater health...
AS MENTIONED IN CHART, IT BEAUTIFULLY FORMED CUP & HANDLE PATTERN + BULL FLAG PATTERN.
IT MAY FACE 137 AS RESISTANCE,
BUY ABOVE 137 !
NOTE: This Analysis Based On 1 Week Time frame,
Targets May Achieve Within Period Of 3 to 6 Months.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.