DISH TV is also making good patterns and is also good investing IDEA.
buy at CMP stop around 80 rs and 89 and 100 and can go further higher also.
Not a certified SEBI analyst. please take financial advisor help before investing,
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.
DishTV closing above 79 however 85 is the resistance, today long built up seen in 85 and 90 CE hence looks good for Upside
Hedge Trade with Bull Spread call
lot size 7000
Buy 80 CE at 3.1
Sell 82.5 at 2.1
max loss 7000
max profit 10500
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.
After the formation of Double Bottom (shown by blue line), Share has made Bullish Harami Pattern(shown in black box) and Marubozu Pattern (shown in blue box). Relative Strength Index is also supporting price rise(shown by arrow). All these things indicate upcoming uptrend.
