February 21, 2017
Dish TV (NSE Cash)
BUY
` 86
` 91.50 - 92.50
` 103
14 - 21 sessions
Daily Chart
Source: Falcon (Time: 13:45 IST)
Justification:
Since last three months, the stock was in a consolidation phase whrein the prices have traded in a broad range of `80-
`92. In today’s trading session, the prices have given breakout from the range led by higher volumes. The ‘RSI’ oscillator
had resisted around the level of 60 on pullback moves since the month of August 2016. The oscillator too has given a
breakout from the mentioned resistance, indicating a positive momentum in the stock. Considering the breakout in price
along with higher volumes and the increasing momentum indicated by the momentum oscillator, we are expecting the
stock to move higher in near term. Thus, we advise traders buy this stock at current levels to a decline up to `91.50
for a target of `103 over the next 14 to 21 sessions. The stop loss should be fixed at `86.
Ruchit Jain
022-3935 7600 Extn: 6554
[email protected]
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February 21, 2017
Last 11 recommendations
Buying/Selling
Date
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CMP Target 1 Target 2 Stop-loss
Status
Range
20-02-17
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213-215
213
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20-02-17
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Motherson Sumi
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352
376
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88 - 89
89
106
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80
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02-02-17
KTK Bank
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117 - 118
123
129
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02-02-17
Berger Paints
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219-221
225
242
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482-486
490
532
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401
415
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366
SL revised to 390
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552)
Website: www.angelbroking.com
Email: [email protected]
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