GUFICBIO: 60 Days of ConsolidationNSE:GUFICBIO
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
GUFICBIO
Gufic Bio - Bull Run Expected NowFrom last Post till now stock has remained mostly sideways
But was also able to Hold 170 area as strong support
Now expecting futures tgts of 195/210
Guficbio looks multibagger*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
GUFICBIO: POTENTIAL MULTIBAGGER ?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 awareness, lifestyle diseases and increasing access to insurance. Healthcare has become one of India’s largest sectors - both in terms of revenue and employment. Gufic bio is one of the company to get benefit of the megatrend.
Gufic Biosciences has done good performance over a period of time,
It has a Debt to Equity ratio of 1.16 , which is a strong indication for the company.
Its cash from the operating activity was Rs 45.69 Cr.
Gufic Biosciences have a healthy ROE of 26.70 %
It has a high promoter holding of 65.75%.
Company has good cash flow
Technicals:
Cup and handle pattern breakout with significant vol
MACD above signal and center
RSI Indicating price strength
"All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don’t work out.” – Peter Lynch
BUY GUFIC BIOSCIENCE ABOVE 137 !!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.
GUFICBIOConsolidation is going on on low volume. Breakout can be seen above 120. SL can be kept at 113
