Technical Pick –Dish TV
• Dish TV is finding support at 79 and resistance above 82.
•On Daily chart, Dish TV is showing breakout point above 82 level.Break and sustain above 82 will see nonstop rally till 85--86 and then to 87+++ in weeks to come.
• Dish TV has been trading in a broader range of 68--111 for last one year.
•MACD too has given the positive crossover (Buy signal) which indicates that upper side seems certain in it.
•Traders don’t go for aggressive or positional selling at all because trend looks positive and we expect rally to remain continue till 85--86 and then to 87+++ in weeks to come.
For positional trade, stop loss seeing below 79 on closing basis which in unlikely to breach in near terms.
Trading Recommendation (24th Nov 2017)
Buy Dish TV above 82 and for the initial upside target of 85--86 and then to 87+++ mark with stop loss below 79 on closing basis.
More will update soon!!!
