AbhishekHSinghCMT
Long

Dish TV- "If" Impulsive keeping 88.45 intact "else" Alternate

NSE:DISHTV   DISH TV INDIA LTD
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From Previous Update I assumed that minor wave 3 is still working but looking at the fall- It seems that minor wave 3 is done at 111 highs & The fall is sharp from 111 to 91.40.

In last update, we wanted a push above 101.25 for the upside move which did not realise.

In current Position- Minor Wave 1 high@88.45 should not be eclipsed.(Wave -4 can never enter wave -1 territory- Rule 1 : Elliott Wave ) So, keeping that intact, we need an upside push as initial confirmation-once we get that then we will be in better position to check for minor wave 5 which is pending in current scenario

Minor -1-2-3-4-5

Alternate Scenario-
1-2-3 shall be named as A-B-C if Dish TV goes below 88.45 then likely 80-81 is strong support zone breaking of that level shall take dish tv to retest Feb2016 lows of 65

Trading Strategy
Initial push from lows@91.40 on 24th April2017-should take place keeping 88.45 intact downside else - we change to alternate count, which inidicates that Y- wave is done at highs of 111. In Alternate scenario- Dish will likely test 65 lows going below 80-81 Strong support zone .

Previous Update
Trade active: 12:37 Hrs 25th April2017

Hope is alive -88.45 not eclipsed & impulsive looking structure from 91.40's is what we were looking for initially.

But too early to say anything. We will keep a watch on Dish TV

Dish Karo -Wish Karo- Thank You Nirav!
Trade active: 15:55 Hrs 25th April2017

Last Price@95.55

Post Impulsive move from 91.40 lows as of 24th April2017- we shall look for pullback & Try to enter close to the lows of 91.40
Obviously 91.40 should not be taken out downside.

Safe Traders -They can look for an upside move above 96 to continue higher.
Trade active: 15:26 Hrs 29th April2017

Last Price@95.10

Key Level-88.45

Key level should not be broken downside & once dish moves above 97-recent we will get more confidence for higher targets which we will keep trailing for 115-120 Zone.
Let us wait & see 97 to broken next on upside keeping 88.45 intact downside
Trade active: 11:50 Hrs 5th May2017

Last Price@97.15

Next Crossing 100 will be better & confident sign of an upside move for DIsh TV.

Trade active: 18:45 Hrs 11th May2017

Last Price@95.80

Turned again from 91.40 lows -formed mini double bottom- going above 98.25 -it should likely move upside next.


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
thanks for the update
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Thanks for update .
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Sir so above 100 we can enter for 111+ targets
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@VikramRajput, There was an opportunity close to previous lows at 91.40. It turned from 91.60 & Trading at 95+
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What leve is good to buy.88? Or still wait for 80-81 support area.
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AbhishekHSinghCMT RaghuveerMunipalli
@RaghuveerMunipalli, There was an opportunity close to previous lows at 91.40. It turned from 91.60
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Dishhh karo!! Khush raho! :)
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@nirav5, Awesome- Boom -Yes Dishhh karo -Khush Raho
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HappyVijay AbhishekHSinghCMT
@AbhishekHSinghCMT, good one Dish Karo :) But counts are not correct then Dish may say Ditch Karo :)
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@HappyVijay, Nice One - Awesome
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