Shares in Piramal Healthcare Ltd rose on bullish technicals, two analysts said. The counter has witnessed a bullish triangle breakout, and 8-10 per cent upside is possible in 1-2 months, said A.K. Prabhakar, senior vice president of equity research at Anandrathi. Stop-loss should be kept at 440 rupees, he added. A triangle is a technical analysis pattern created by drawing trendlines along a price range that gets narrower over time because of lower tops and higher bottoms. At 3:13 p.m, Piramal’s shares were up 2 per cent at 456 rupees.
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