long dish tv for immediate targets mentioned on charts
here's the weekly picture,double bottom reversal..
now monthly. xD
could well be an investment idea..2x candidate
Channel trade :
The script has been trending in a channel.
Will wait for formation of red candle and short post that for a target of 69.
If it fulfils the condition. the trade will be active on Monday
results has been declared what now??
already we have seen good correction in last 3 days but what now ?
dishtv announced its quarterly result today
Q4Fy17:134
Q3Fy17:152
Q2FY17:162
Q1FY17:174
Q4FY16:174
Q3FY16:172
Q2FY16:171
Q1FY16:173
it is getting worse quarter on quarter , impact of which will be reflected on its result.
short dishtv for 85,80 levels.
Symmetric triangle formation. A break above the upper trendline tgt 120 (TF 1 month). SL. Lower Trendline of triangle.
Disclaimer: I am a novice at charting and the chart is only for educational purpose. Views and opinions are welcome.
DISHTV short term breakout of resistance line at 96.5 retesting same price and bullish candle supported ready to test its near term resistance around 101 keep stop loss below 95.
Dish TV is having a breakout from a symmetrical triangle with huge volume, also referred to as a coil, usually forms during a trend, contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape, like a contracting wedge, wide at the beginning and narrowing...
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...
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,...
Start moving up side? not sure.. must cross 103.5.. then pure bullish trend..
it has breakout so you may ride it for intraday.. keep your own target and stoploss
Channels beyond 103.50 won't be working properly - a warning was issued in the previous update -
Connectivity issue- Check for restrictions till 101
What Next?
Either moving above 103.50 - it will start working properly or need to do trial & error close to 98-99 zone- can help Dish TV to resume it services back. Downside trial & error should be done under...
