Punj Lloyd Ltd. CMP— Rs 55.50
Technical Outlook & Trading Strategy:-
The share price of Punj Lloyd has taken strong support & seems to be making a double bottom at Rs 52.50 levels .It has shown a reversal bar at this level, suggesting that the bottom is in place. We expect the stock price to continue its upward movement and believe that it could test levels of Rs 58- Rs 59 shortly.
We recommend a buy at current price with stop loss placed below `53.70.
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