1) DISHTV has been trading within a symmetrical triangle on weekly chart
2) 110 and 68 are going to be important levels in deciding the direction in days to come.
3) Triangle median is at 86.60 which is also going to be very important level.
MACD crossover and indicators are positive. These signals will help to breakout the triangle and reach the target. Above 94, it may reach the target range of 115-120.
Vijayaraghavan,
Kovilpatti.
The 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.
DISHTV short term breakout of resistance line at 96.5 retesting same price and bullish candle supported ready to test its near term resistance around 101 keep stop loss below 95.
