Aug 08, 2013 10:45 AM IST | Source: CNBC-TV18

Sell Dish TV; target Rs 44: Sudarshan Sukhani

According to Sudarshan Sukhani of, one may sell Dish TV with a target of Rs 44. "The stock may go below Rs 40," he adds.

Sudarshan Sukhani of told CNBC-TV18, "Sell Dish TV as it was a big disappointment. The chart suggested that a strong rally below Rs 70 has started cracking and we went bearish on it. At Rs 48-46, Dish TV has not completed its downtrend."

"Eventually it will go below Rs 40. However, at this point day traders, short-term traders should look at Rs 44 as a modest target, but that is only a stopping point. It has broken all kind of supports and has a very bearish pattern," Sukhani said.

Disclosure: Sudarshan Sukhani has no holdings in the stocks discussed.

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