Buy Dish TV in the range of 55-54: Shardul Kulkarni

You have got a buy on Dish TV. What’s the target and the stop loss that you are recommending?

Shardul Kulkarni, Sr. Technical Analyst, Angel Broking in an interview with ET Now talks about Dish TV.

Dish TV has shown you a clear triangular breakout at the lower levels of around 56 wherein the target price comes to around 61-62. The stock managed to move to 59 and now it has given you a corrective move up to the 55 levels, so yes, you can buy at current levels between the range of 55-54 and stop loss should be placed at 53.90, target comes to 61, which is the actual target of the weekly triangular pattern.