Buy Dish TV on dips: Shardul Kulkarni, Angel Broking
Stocks which are expected to run in this particular rally have reached their target levels.
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| Shardul Kulkarni, Sr Technical Analyst, Angel Broking, in a chat with ET Now talks about Dish TV.
Do you like any stocks from the media space?
We specifically liked Dish TV a few days back. The thing is that with all these stocks you will find that those stocks which are expected to run in this particular rally have reached their target levels. So ideally we would not advice buying at current levels.
One can wait for dips in Dish TV. We expect the stock to give you good rallies going forward but wait for dips. Any dip towards 55 levels in case of Dish TV can be used as buying opportunities. Stop loss should be placed at the 51.5 mark and trade long in Dish TV. Presently do not invest at current levels of around 59, dip should be used for buying.
Do you like any stocks from the media space?
We specifically liked Dish TV a few days back. The thing is that with all these stocks you will find that those stocks which are expected to run in this particular rally have reached their target levels. So ideally we would not advice buying at current levels.
One can wait for dips in Dish TV. We expect the stock to give you good rallies going forward but wait for dips. Any dip towards 55 levels in case of Dish TV can be used as buying opportunities. Stop loss should be placed at the 51.5 mark and trade long in Dish TV. Presently do not invest at current levels of around 59, dip should be used for buying.
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