Buy Dr Lal Path Lab between Rs 864-840
CMP: Rs 864
Stop loss : Rs 830
Target: Rs 925
The stock has seen healthy correction of 40% from its all-time high of Rs 1260 registered in November 2016. In the current month, stock formed bullish double bottom formation at Rs 760 levels. The same level was last seen in June 2016. Oscillators on the weekly and monthly charts have exited the oversold zone. Short-term moving averages have started moving up, indicating bullish trend reversal.
Considering the technical evidences discussed above, we