Dish TV has an extremely positive technical structure.
Here's the Daily Chart
Dish TV had a well defined resistance between 86 and 95 before it broke past it on May 29 2015. A large momentum candle move on that day turned around the stock. But post that move - stock has traded sideways with 95-96 as support. Now the horizontal support even coincides with 200 dma. The big question: with stock now at multiple support with bullish structure - can it take off in a big way?
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Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers