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Dish TV

Discussion in 'Technical Analysis' started by mbjeh, Jan 26, 2014.

  1. mbjeh

    mbjeh New Member

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    Attached chart of Dish TV for past one year.
    Current trend is down trend.
    There is 'hammer' candle stick on 24.01.2014.
    If the stock closes above the hammer (say above 50), it is a signal for reversal of down trend. therefore will it be a good 'buy' say above 50 levels?
     

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    mbjeh, Jan 26, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    Will have to wait for couple of trading sessions to assess the hammer or pin bar as I like to call it.
     
    shabbir, Jan 26, 2014
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  3. madhusudhanps

    madhusudhanps Member

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    H&S breakout

    H&S breakout in DishTV.
    TG1 43 and TG2 40 SL 49.
    Shabbir your views please
     

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    madhusudhanps, Jan 28, 2014
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  4. shabbir

    shabbir Administrator Staff Member

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    Breakout or breakdown?
     
    shabbir, Jan 28, 2014
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  5. madhusudhanps

    madhusudhanps Member

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    Sorry breakdown
     
    madhusudhanps, Jan 28, 2014
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  6. shabbir

    shabbir Administrator Staff Member

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    Perfect levels then.
     
    shabbir, Jan 28, 2014
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  7. chequesuraj

    chequesuraj Member

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    i think if it is holding 46 as support then it will be consolidate around 46-50 range...

    wait till it breaks 46 with volume...today also it touch 46 and again move up
     
    chequesuraj, Jan 28, 2014
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