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!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.