I had bought a few hundred shares at 4.3 according to your analysis, Thank you so much!
The upper circuit did not sustain today! Do you think it is just because of profit booking and the trend will continue? or is it time to exit this stock?
ShreeKrishna
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Yes the satellite telecast cost is about to drop Gov is Planning New Auction system in sat based Telecast Many Private Operators shown the interest , its same thing repeating what happen in 1998 in United states Many television and Other Operators who Provide Direct to home have made a Major brake through the business earnings after US Gov made new reforms for sat based Telecast ,
What ever you are witnessing is almost following the same patterns of US or developed countries past reforms , few changes based on our Indian Economy but for sure the reforms are on the way
TheChauhansView
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@ShreeKrishna, Thanks Shiva for the input. You doing well? Take care bro.
bhatg75
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Any rationale? Any change in business model expected?
TheChauhansView
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@bhatg75, I am a technical analyst and do not trade on the basis of fundamentals. Sorry. I trade what the chart tells me using wave analysis. I said, once this down move is over, we can have a nice big up move coming to touch the top. Cheers.
TheChauhansView
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@chauhan_rich, the DTF chart is just a nice set up for buy, it can go up and can go one down and touch the low too before it goes up. So be aware of this scenario. Chart changes as per mass psychology of people who trade this stock. Nothing is guaranteed here Chief. So if you are a professional trader, you will know when it will reverse and go down and you will know when it will go up from here it self and never come back as we move forward and form more waves. Hope this helps.
The upper circuit did not sustain today! Do you think it is just because of profit booking and the trend will continue? or is it time to exit this stock?