DISH TV TECHNICAL CHART
-> Technically the stock has always faced a lot of resistance around 90 in the last 2 attempts.
-> Also falls have been sharp after topping out.
-> It would be a breakout above 90 on a long term chart. It can be called a Cup and handle or consolidation in a range for a long time.
-> This has been that idea stock which a lot of investors have been bullish about with the optimistic ones even comparing it to telecom of the 2000 period.
-> Given a superb run in a lot of midcaps/smallcaps this has been an underperformer.
-> With results around the corner and a lot of expectations it will be interesting to watch whether it can change the long term trend.
-> Keeping the stock on radar for a momentum trade or a long term trend change, No positions / recommendations as of now.
Last few seats left for our Delhi Investing Lab Session –http://www.nooreshtech.co.in/2015/04/the-investing-lab-bridging-theory-and-practicetraining-program-delhi-30-31st-may-2015.html
-> Nifty did a good bounce back as we expected. Nifty - Bottoming out is a Process
-> Got a good trade with multiple entries and now partial holdings can be left with a trailing stoploss of 8350-8380 on closing basis.
-> Think that the momentum is gone on either side and we should be ready to play ping-pong and find a range in Nifty.
-> Watching out for 8350-8330 and 8550-8600 as price points for a change in trend.
-> Time to be stock specific till we get another good trade opportunity in Nifty
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