AbhishekHSinghCMT
Long

Dish TV - Excited to get my channel back at 98-99 & Next 111 +

NSE:DISHTV   DISH TV INDIA LTD
331 3 10
Excited as I got my channel back between 98-99 discussed in the previous update - 103.50- Faulty Channel-Timely warning issued-Bang On Target.



At 97.55 - Complex Correction ends & looks like minute wave -iv (circled) retraced 38.2% at 99.20 of its respective wave -ii & wave-iii, which is close to normal retracement(at 97.55- actual retracement).

Next, Moving above 103.50 - It confirms that complex minute wave-iv is in place at 97.55 recent lows & we shall look for respective wave-v(circled) close to 111 & Above 111 for 114-115 target zone.

Double Bottom at 97.95- 97.55 Zone
Double Bottom in the Zone 97.95 & 97.55 also will come into play once 103.50 highs is crossed giving us second piece of clue as per traditional analysis.

At 111 or 114-115 -Minor wave-3 shall get finished & later we shall look for retracement in minor -wave 4.

Trading Strategy
Above 103.50 -heading next for 111 highs for completing minor wave-3 or extending above 111- it can target 114-116 zone.

With Stops below 97.50 (Below Double Bottom ) - we shall look for 111 & above 111 target can extend to 114-116 zone.


Earlier Connecting Updates on Dish TV

Looking Higher for 110-112-- Result - Exited at 104-105


Check for restrictions till 101- Result- Restrictions slipped to 97.95

Trade active: 18:11 Hrs 21st April2017

Last Price@98.90

Formed a Tripple Bottom

Turned again upside above 97.50 -this time from 97.60 - Intraday one could have taken long position keeping 97.50 as stops & entering very close to the bottoms

Next it should cross 101.25 to 101.50 zone for an upside move.
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Sir Dish TV has fallen too much ........
Reply
Sir your view on current price, is it buying opportunity
Reply
@VikramRajput, Let me check post market. Market is closing for the day.
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out