Gufic can make moves terrificGufic Biosciences Ltd. company was founded on July 23, 1984 and is headquartered in Mumbai, India is engaged in the manufacture of pharmaceuticals, medicinal chemicals and botanical products. It operates through the following geographical segments: India, Africa, Asia, Europe, North America, Australia and South America.
The Negative aspects of the company are High Valuation (P.E. = 38.20), Declining annual net profit, declining cash from operations annual and FIIs are decreasing stake. The positive aspects of the company are Low debt, Zero promoter pledge, MFs are increasing stake and Promoter holding increasing.
Entry after closing above 325. Targets in the stock will be 336 and 344. Long term targets in the stock will be 357 and 365. Stop loss in the stock should be maintained at closing below 292.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Guficbiosciences
GUFIC BIOSCIENCES 1:3 🎯50% trade.NSE:GUFICBIO Broke out of rectangle consolidation pattern and now price gave retest + confirmation.
Bullish signs-
Big volumes on breakout and on the buy side.
Price entered virgin territory with this consolidation and breakout.
Recent support from 30 week MA.
Low volume red candles.
Pattern is of a bullish flag type.
Stock has already delivered multibagger returns of 2000%.
One can enter entre position at C.M.P with a big sl in view of a taking a positional bet for next 1-6 months.
Targets: 275/320/375/400+
Place wide sl below 200
Trail sl if trade goes our way.
Position size accordingly. HAPPY TRADING!