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.