Aug 08, 2013, 10.45 AM | Source: CNBC-TV18
According to Sudarshan Sukhani of s2analytics.com, one may sell Dish TV with a target of Rs 44. "The stock may go below Rs 40," he adds.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
"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.