Rupak De
Dish TV price has formed a bullish Harami pattern on the weekly chart which is a reversal pattern occurs after a sharp correction. Price has given a falling trendline breakout on the hourly chart. A divergence is visible on the momentum indicator RSI (14) on the daily frame. Based on above technical indicators we can expect a decent recovery in the stock price.
Traders can accumulate the stock in the range of Rs 38-39 for the target of Rs 45 with a stop loss below Rs 36.40.
Disclaimer: The author is Technical Research Analyst at Bonanza Portfolio Ltd. The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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