Symmetric triangle formation. A break above the upper trendline tgt 120 (TF 1 month). SL. Lower Trendline of triangle.
Disclaimer: I am a novice at charting and the chart is only for educational purpose. Views and opinions are welcome.
Dish TV has witnessed a breakout from a bottom triangle formation, which is a bullish pattern, indicating change in trend.In the chart attached, two trendlines are converging and a breakout from this pattern on good volumes, indicates bullishness.Target is Rs 116/123 and stop loss Rs 92 on a closing basis.