Dish TV can test Rs 70, says Kunal Bothra, Sr Technical Analyst, LKP.
Bothra told CNBC-TV18, "Dish TV looks interesting. If you look at the daily chart the last one and a half months from November-December levels, it has taken support at Rs 57-58."
He further added, "There has been intra day dips at Rs 57-58 levels but it is managing to take support over there and rise gradually. The stock currently would go under consolidation more probably one or two days consolidation at Rs 65 levels. But eventually it will break Rs 70 barrier, try and test that 200 DMA which is at Rs 74 levels. I think that is an interesting trade in the midcap space."
He further added, " Tata Motors - given the market conditions last 4-5 days the stock has been standing its crown Rs 209. That is one stock I think which anyone who is long should hold on to it and anyone who is probably not entered. It will see an upside of close to Rs 15-20 till Rs 225 levels."
