padiyara

Dish TV: ₹ 103.65 Next Resistance is at ₹116.

NSE:DISHTV   DISH TV INDIA LTD
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Dish TV is having a breakout from a symmetrical triangle with huge volume , also referred to as a coil, usually forms during a trend, contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape, like a contracting wedge , wide at the beginning and narrowing over time.
Dish TV: ₹103.65 Next Resistance is at ₹116. On crossing this level the stock can reach to all time high.
Support: ₹98
Comment: EXIT: for failure of break out.
Instead a back test of support it entered back in to the Symmetrical triangle, this may bring down the stock to a down support or even 60 level
Comment: At a minor support level , may pullback to 80
Comment: Back to 72 again.Hope 60 will support.

Comments

nice sir..
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padiyara seshuram
@seshuram, Thank You
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vvv nice analysis i ike it
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padiyara VimalVashisth
@VimalVashisth, Thank you
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