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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
guficbio chart analysis for intraday and swing trading
NSE:GUFICBIO Levels mentioned in Chart. Note: Not a SEBI Registered analyst. Trade at your own discretion.
From 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
*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.