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Long at 70.50 add more at 64
sl at 57
The stock is downtrending and has a range which has been shown in the chart. Short 85/80 CE, and 70 PE later.
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.