DISHTV
DISHTV weekly chart analysisDISHTV after breaking the major trendline has been moving sideways since mid 2017
1) A close below 66 on weekly chart coul open up a big downside
2) A close above 77 could open up a big upside (with the upsloping major trendline acting as resistance)
Do consider these factors before taking any position in DishTV
Action/Reaction long good RR ratioThe stock has nicely formed parallel Channel and gave valid breakout. It is retesting the upper line from above. Today's engulfing showing buyers are emerging at this level. One can buy the stock at current level providing stop loss of low of today and can expect the target of 90. It offers a good Risk of Reward ratio.