DISHTV is hitting its year long resistance at 16. Looking at the price action of the stock and the heavy volume, the stock seems to be exhibiting signs of a bullish break out. The bullish view is also being supported by the price action in Nifty Media which is also bullish. We are looking at a multi-week target of 42 on the stock, which has also acted as support/resistance multiple times in the past.
@bireddysujatha, A safe entry is to start building bullish position with 25% at 16 and the rest after BO, and retest. That way the overall risk is mitigated.