Stock is facing resistance near multi-year resistance of around 16.50 - 17....watch for any potential breakout and weekly closing above 17 for long positions...SL would be closing below 14 on weekly closing basis
I Have given wave count example in chart marked rectangle
DISHTV is hitting its year long resistance at 16. Looking at the price action of the stock and the heavy volume, the stock seems to be exhibiting signs of a bullish break out. The bullish view is also being supported by the price action in Nifty Media which is also bullish. We are looking at a multi-week target of 42 on the stock, which has also acted as...
The stock looks good above 16.25 level for short term target of 19.5
Dishtv Neo wave setup. Possible start of 3rd wave on weekly time frame. Add trackable quantity around 10.5 levels and pyramiding above resistance level only. View invalid below 8.5 levels Could be a multibagger.
Dish TV Inverse Head and Shoulders Formed...
Last time on similar pattern gave upside breakout of 20-30 %. Similar chart pattern in development. Great for swing trades and intraday. Also, there is divergence in RSI.
Explained on charts..... This is just my view.... trade according to your own risk management.
Just learnt to draw lines and circles few days back. So drew couple of lines here. Just ignore and continue scrolling.
PRICE RESPECTIONG THE TREND LINE ON WEEKLY TIME FRAME . I HAVE PLOTTED WMA 20 PERIOD, A-VWAP & THE FIB LEVELS . THE VALUE OF A-VWAP IS Rs. 11.70 IT WILL BE BEST PRICE TO BUY AND HOLD FOR THE TARGET OF 25-30% AS PRICE TAKEN SUPPOR AT IMPROTANT LEVEL OF FIB (0.618), IF IT BREAKS THEN THE NEXT SUPPORT WILL BE AT FIB (0.50) PRICE @ 10 SO we may TAKE THE TRADE WITH...