Break of multiple trendline1.In 4hr timeframe it has retested the trendline and went up
2.Formation of two cup pattern
Volume is good
Guficbiosciences
GuficbioMonthly accumulation going on with increase in volume and @ retracement. Took trade with Target and stoploss mentioned.
GUFICBIORatio chart looks good. One may start buying small quantity and then adding up as it moves in favor
GUFIC BIOSCIENCES DAILY CHART ANALYSIS AS ON 27.12.2021GUFIC BIOSCIENCES posted 26.12.2021 stock above 224 for a target 230 level and today the stock made a high of 248 and closed at 243 level. Happy Trading to all.
GUFIC BIOSCIENCES DAILY CHART ANALYSIS AS ON 26.12.2021GUFIC BIOSCIENCES as per daily chart analysis the stock on 24.12.2021 has broken the consolidation zone. Stock above 224 level for a target 230 level and resistance is at 232 level. Nifty monthly chart forming indecisive doji , weekly chart forming bullish candle and daily chart forming a bearish candle shows this week may continue to be bearish being year end and monthly expiry in next 5 sessions.Investors may continue to book profits.Avoid fresh long positions. Nifty Support is placed at 16890 / 16837 / 16785 / 16693. Resistance is placed at 17152 / 17214 / 17378.
