Dish TV going down: Deepak Mohoni

In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, shares his views on Dish TV.

What is the call on Dish TV?

Dish TV falls in a slightly unusual category of stocks in this market. There was a whole bunch of stocks like Dish TV, VIP Industries, Lovable Lingerie, Jubilant, all these stocks were in a pretty strong uptrend till July-August while the rest of the market was falling and almost all of these stocks have now reversed.

They have all gone below the 200 DMAs. They are all at about 3-4-month lows. So this is pretty much in that same basket. Very similar behaviour to the stocks that were strong against the market. Now they are going down again against the market.