DISH TV

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Can I buy shares of Dish TV at the cur­rent lev­els?

AVOID DISH TV FOR NOW

Dish TV is cur­rently trad­ing at Rs 55.20. Its 52-week high/low stand at Rs 86.90/Rs 54.00made on Jan­uary 9, 2018 and Oc­to­ber 4, 2018, re­spec­tively. The stock had a strong sup­port in the range of Rs 63.75-65 as de­fined by the hor­i­zon­tal trend­line. The stock breached this cru­cial sup­port in mid-Au­gust and wit­nessed sharp de­cline, and cur­rently, the stock is trad­ing near its 52-week lows. The stock is trad­ing be­low its im­por­tant av­er­ages, which is neg­a­tive for the stock. Hence, we would ad­vise to stay away from the stock as the tech­ni­cal pic­ture is not rosy.

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