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Thyrocare, Dr Lal PathLabs: Healthcare stocks can rally more, charts show

A new all time high shows bullish sentiment is here to stay in these stocks.

Cadila Healthcare
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Thyrocare Technologies, Metropolis Healthcare, and Dr. Lal PathLabs hit their respective record highs today.

Avdhut Bagkar Mumbai
Shares of healthcare services companies traded firm on Wednesday on the expectation of strong earnings in the July-September quarter (Q2FY21). Thyrocare Technologies, Metropolis Healthcare, and Dr. Lal PathLabs hit their respective record highs and were up 9 per cent to 17 per cent on the BSE in intra-day trade. In comparison, the S&P BSE Sensex traded 0.79 per cent higher at 39,887 levels in the afternoon deals. READ MORE

Is the rally sustainable? Here's what charts indicate.

Dr. Lal PathLabs Ltd (LALPATHLAB): As the counter crossed the resistance of Rs 2,030 to Rs 2,050 levels, the upside

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