DISHTV trade ideas
Support-Resistance, Volume, Fibonacci, EMA & Breakout Case studyCase study of DISHTV for Educational Purpose.
This stock was facing resistance at particular level since last 2 years,
and also got consolidation in parallel channel from last 1 year,
now Stock making higher highs and higher lows ( Up Trend )
each and every time when price was correcting, the Volume was decreasing, which can makes conviction towards positive.
co-incidentally top of parallel channel and 2 years resistance level both are at same level,
finally it has given good breakout from that level, along with good intensity of volume,
and also price moved up more than 40% from that breakout level,
and now again it has corrected towards that same level in decreased volume.
Fibonacci Retracement level is 61.8 % from recent rally, which is healthy retracement to go long.
Now after Breakout that same Resistance became Support area, and has been retested too.
Co-incidentally weekly 100 ema and 20 sma are also at that same levels, and daily 50 dema and 100 dema are also at same levels,
Which makes supporting conviction more and more powerful to go long in this stock with stop loss of recent swing low
Stock making higher highs and higher lows ( Up Trend )
each and every time when price was correcting, the Volume was decreasing
Supports Combination
1 year consolidation in parallel channel
Breakout with good intensity of volume from 2 years resistance zone
Fibonacci Retracement level is 61.8 % from recent rally,
which is healthy retracement to go long
Daily macd positive crossover done
Weekly RSI uptick near 60
Weekly stochastic positive crossover
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
I am not responsible for your profits and losses
NSE:DISHTV LongNSE:DISHTV
#DISHTV Reached to support @17.3 and bounced back, One can buy @ CMP and maintain the SL 16.5.
F&O One Can try 18CE, SL remains Same.
One More blasting day,
when the whole market is in RED,
We managed to close in green with huge profits..
On a Whole, today Profits more than one lac excluding Cash and MCX segment,
Check out the scripts shared and results bagged.
#SBIN - 16K
#BHARTIARTL - 26K
#BATAINDIA - 21K
#CANBK - 19K
#IDEA - 28K
#SANGAMIND - 16% (Cash not F&O)
Happy Trading.
Don't Like or Share.
Dish TV chart analysis a golden chance(2X). Dish TV Gave chart analysis a golden chance.
Dish TV gave the breakout 3-4 days before at 18. The stock going to be at 2x within 5-6 months.
As you can find the inverted head and shoulder pattern on the weekly chart. According to that, you will see Dish TV at 30 soon. It might be consolidate
for few days but eventually will go in an uptrend.
Following are the targets
Target 1: 26 (15-20 days)
Target 2: 34 (35-45 days)
Target 3: 42 (90-180 days)
Stoploss: 15
Happy Trading!