DCB has target of Rs 47: Sudarshan Sukhani

DCB has target of Rs 47, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "DCB has already broken out of Rs 40 level, it has crossed that. Now it is building on those gains. It was in a trading range for almost three months. So, it is a fairly decent breakout, there was range which was wide enough to justify optimism in this stock. An immediate target of Rs 47 is possible but the more rally gains momentum the stronger it becomes. So Rs 47 could be and immediate target and DCB could eventually cross Rs 50."
He further added, "We have been upbeat on Dish TV and given it in our buy list repeatedly. Yesterday, it has a dramatic move on the upside and that is a warning that short-term traders should now take profits. For people who hold positions, and are looking for the big pull, Dish TV is just entering a bull market, so there is much more upside."
"I wouldn’t go and buy it today if I were looking at a one-two day trade. I would wait patiently. For those who have the patience the next target is Rs 72. So if you get it Rs 2-3 lower that is the time to buy it and look for decent gains."