NSE: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...
Finally Dish TV gave a strong breakout with rising volumes after forming Head and Shoulder pattern.
If it sustain above 18, can give target upto 24 (based on Head formation).
Buy DishTV above 18 for short term targets of 24.
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...
Stock is making good structure for trend reversal...
Lows are getting higher ... Friday good volume buying see in in stocks...
One can make entry before breakout in Dishtv at CMP with SL of 11 on closing basis..
Upside 24/27/30 n may be more also...
DISHTV has completed a cup and handle base formation on the weekly chart. Breakout candle was formed with volume. Risky traders can start building long position while also looking for a pullback where full position may be created.
price can give a good bounce back from here
A good trader never predicts a move in stock market because nobody can predict the market. A good trader anticipate a move through his technical and fundamental analysis. And there is no 100% sure trade, there is always risk involved. Don't forget "Risk hai toh ishq hai ! "
#supply #demand #priceaction #price...
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
