AbhishekHSinghCMT
Long

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

NSE:DISHTV   DISH TV INDIA LTD
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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
Apr 21
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
​Growth Director - India
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ

Comments

Sir Dish TV has fallen too much ........
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Sir your view on current price, is it buying opportunity
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@VikramRajput, Let me check post market. Market is closing for the day.
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