GUFICBIO, 1HR Time FrameBest entry would be near the zone area to have a great risk to reward ratio.
Entry now or wait for the price to retrace till the zone area for a perfect entry.
GUFICBIO trade ideas
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
Elliott waves - Truncated 5th example - Small/Mid CapsIn midcap/smallcap bull market always beware about a truncated 5th wave (as shown). And a 5th wave extension in large caps (I will take a good example later on) . And always look out for alternation in wave 2 and 4 to spot (I will explain these parameters later) . Rest is explained in the chart . Regards
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
Cup and Handle Formation on GUFIC BIO There is a cup and handle formation in GUFIC BIO. Wait for it to give a breakout/ closing on weekly tf above the neckline that is 133 Rs
Gufic Bio 3.5yr Head & Shoulder BreakoutThe last week's Doji candle with heavy volumes
near breakout is a strong indicator that this scrip
is going to blast in the next few days,
as this indicates absorption volume.
Entry: Buy when it starts cleaning out the Doji on the upside.
SL: Below Last week's Doji
Tgt: Wait till it gives a close below the Hourly 20 VWMA (on a daily closing basis)
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
Gufic Bio getting ready for a BIG MOVEInverted Head & Shoulder Pattern is clearly seen.
The stock is getting ready for a 20-25% Move soon
intrday for 30-10-2020 GUFICBIOtake a long position if stocks crosses 100.15 levels with strong bullish candlesticks
