Triple bottom formation. RSI at oversold position. DISHTV is expected to bounce from 25.6 levels.
head and shoulder pattern is formed. with specified stoploss one can go long after valid breakout of 42.75.
Dishtv broke the Market Profile Resistance - A good buy for 20% return in short duration Market profile helps us to find the Value area acceptance and Rejection, Because Price a representation of Value. So price analysis is not required very much Details mentioned in chart If you like my ideas "HIT LIKE" button
looks set 4 a 4/7 % rally from 450 physchological marks
INTRADAY TRADE (TRADE FOR TOMORROW | OCTOBER 30, 2018) DISH TV #BUY ABOVE 43.75
Short DISHTV at CMP (54) T1: 49 T2: 45.60 T3: 44 T4: 41.50 SL: 58.20
DISHTV after breaking the major trendline has been moving sideways since mid 2017 1) A close below 66 on weekly chart coul open up a big downside 2) A close above 77 could open up a big upside (with the upsloping major trendline acting as resistance) Do consider these factors before taking any position in DishTV
Buy DISHTV at CMP (58.50) T1: 62.50 T2: 65 T3: 67 T4: 69 SL: 55
Short Dish TV between 72 -72.40 T1: 71 T2: 69.50 T3: 68.50 SL: 73.25