Dr Lal Pathlabs Ltd

NSE :LALPATHLAB   BSE :539524  Sector : Healthcare

About Company: Dr. Lal PathLabs Limited is one of India’s leading consumer healthcare brand in diagnostic services. It has an integrated nationwide network, where patients and healthcare providers are offered a broad range of diagnostic and related healthcare tests and services for use in: core testing, patient diagnosis and the prevention, monitoring and treatment of disease and other health conditions. The services of DLPL are aimed at individual patients, hospitals and other healthcare providers and corporates

Daily Chart of Dr. Lal Pathlabs Ltd.

Technical Outlook of LALPATHLAB:

On Friday 27th May 2022, Stock zoomed and gained 10% closing at 2204.50 on NSE. On the daily chart rise in the volumes has been seen with the rise in prices of stock since last two trading sessions. “Falling Wedge pattern” formation is clearly visible. 14- Period Relative Strength Index (RSI) has seen moving average cross over which confirms bottom formation.

We suggest traders to buy stock on current levels around 2200- 2205 for the upside target of 2500- 2700, and Stop loss should be maintained below 1800 on closing basis.