Moneycontrol
Jan 10, 2013 11:18 AM IST | Source: Moneycontrol.com

Buy Dish TV above Rs 79; target Rs 83: IIFL

IIFL is bullish on Dish TV and has recommended buy rating on the stock with a stop loss of Rs 77 for the target price of Rs 83, in its January 10, 2013 research report.

Buy Dish TV above Rs 79; target Rs 83: IIFL

IIFL is bullish on Dish TV and has recommended buy rating on the stock with a stop loss of Rs 77 for the target price of Rs 83, in its January 10, 2013 research report.


On the daily chart, Dish TV gave an upside breakout from a downward sloping channel in Wednesday’s trading session. It suggests that the downtrend has ended and may reverse into an uptrend. It has also broken out from an inverted head and shoulder pattern with neckline placed at Rs79. The daily RSI has been forming good base above 50 levels which confirms strength in the upmove. (Duration 5 days),” says IIFL research report.


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