The stock of Pine Labs, ever since the listing in November 2025, has been in a downtrend. But after hitting a low of ₹134.75 towards the end of May, it has been recovering.While it is too early to call the recent rise as a bullish trend reversal, the breakout of a resistance at ₹155 is a positive sign.We can expect a corrective rally in the near-term, which can potentially take the stock to ₹200 in the coming weeks.Therefore, traders can consider buying Pine Labs now at ₹160 and place stop-loss at ₹145. When the stock rises to ₹180, raise the stop-loss to ₹165. Tighten the stop-loss further to ₹180 when the scrip touches ₹190. Book profits at ₹200.Video Credit: Businessline(Note: The recommendations are based on technical analysis. There is a risk of loss in trading.)Published on June 29, 2026