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Price and trend forecast of GUFICBIO for Tomorrow, Weekly, Monthly

Gufic Biosciences Limited

Symbol: NSE:GUFICBIO

ISIN: INE742B01025

310.05

As on 2024-04-12

190.00 (52W Low) 364.90 (52W High)

GUFICBIO's Today's Performance

Gufic Biosciences Limited started the day by opening at 310.50 today 2024-04-12. Its shares reached a high of 313.00 and dipped to a low of 309.00 in intraday. When the markets closed, GUFICBIO’s stock price settled at ₹310.05 per share. Also check out its key support and resistance levels.

GUFICBIO Buy/Sell Targets

Tomorrow, sell GUFICBIO when its price reaches ₹ 310.05 with a stop-loss order at ₹ 313.02. You can set the target price as ₹ 307.08 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of GUFICBIO for tomorrow's session along with weekly support and resistance. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Resistance for GUFICBIO

Resistance Levels Value in ₹
Tomorrow Resistance 1 312
Tomorrow Resistance 2 315
Tomorrow Resistance 3 316

Important Supports for GUFICBIO

Support Levels Value in ₹
Tomorrow Support 1 308
Tomorrow Support 2 307
Tomorrow Support 3 304
Based on where the stock opens tomorrow, if GUFICBIO opens on a positive note, our first target will be ₹312. If Target 1 is achieved, we will aim for Target 2 which is ₹315.

But if GUFICBIO falls below the average value of ₹310.68, you can enter a sell side position with target number 1 - ₹308 and second target - ₹307 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of GUFICBIO

Looking at GUFICBIO, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, GUFICBIO has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for GUFICBIO is moderate bullish.

Tomorrow's Volume based share price Forecast for GUFICBIO

GUFICBIO's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 13%.

Reversal detection for GUFICBIO

Predicted trend chart of GUFICBIO tomorrow for price forecast
GUFICBIO may trend may continue to be bearish since stock is making lower low and we can get target of ₹312 in morning tomorrow
Target 1 tomorrow312
Target 2 tomorrow313
Target 3 tomorrow315
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with GUFICBIO's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if GUFICBIO opens on a positive note, our first target will be ₹312.37. If Target 1 is achieved, we will aim for Target 2 which is ₹314.68.

But if GUFICBIO falls below the average value of ₹310.68, you can enter a sell side position with target number 1 - ₹308.37 and second target - ₹306.68

GUFICBIO's Weekly Targets
1st Up Target 315.47
2nd Up Target 320.88
1st Down Target 305.07
2nd Down Target 300.08

As the week for GUFICBIO ended on bullish sentiments, we can expect further continuation of this sentiment. GUFICBIO's initial target will be 315.47 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 305.07 in the upcoming week.

Weekly OHLC Values
Open 309.25
High 315.90
Low 305.50
Close 310.05

Week for GUFICBIO started with an open price of 309.25, and the close was at 310.05. GUFICBIO reached the highest of 315.90 and dipped lowest up to 305.50 last week. This indicates a bullish sentiment for the week.

GUFICBIO full month swing targets
Monthly Up Target 1 325.87
Monthly Up Target 2 331.28
Monthly Down Target 1 294.67
Monthly Down Target 2 279.28

Targets of ₹325.87 can be expected to be reached in the coming month. Once GUFICBIO achieved this target, we can aim for the next upside target of ₹331.28.

GUFICBIO if fails to hold upside, down targets of ₹294.67 and ₹279.28 can be achieved by end of this month.

For complete three weeks if GUFICBIO is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as GUFICBIO

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DRREDDY Dr. Reddy's Laboratories Limited Drug Manufacturers - Specialty & Generic
ZYDUSLIFE Zydus Lifesciences Limited Drug Manufacturers - Specialty & Generic
APOLLOHOSP Apollo Hospitals Enterprise Limited Medical Care Facilities

Summary

GUFICBIO is expected to reach the target of 312.37 in tomorrow's trading session.

After achieving the initial target in GUFICBIO, we will aim for higher targets of 314.68 tomorrow.

However, if GUFICBIO starts to trade below ₹310.68, then we will shift our focus to the sell side and aim for down targets of 308.37 and 306.68.