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Dish TV - rounding bottom

Discussion in 'Technical Analysis' started by sujan4bw, Sep 15, 2012.

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  1. sujan4bw

    sujan4bw Member

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    Hi Shabbir,

    Dish Tv is forming Rounding bottom or U pattern. It's been up trend since from July.

    I draw Resistance lines in chart where partial profit booking should be done.

    Let me know your views.

    Regards
    Sujan
     

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    Last edited: Sep 15, 2012
    sujan4bw, Sep 15, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Stock was one of my list of good stocks but then too much depends on what our ministers decide on DTH things and so it is one stock that has moved out of my list of fundamentally good stocks.

    Coming to the patterns and technicals charts looks good but SL of 54 is a bit too much.
     
    shabbir, Sep 15, 2012
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  3. charuhas31

    charuhas31 New Member

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    Hi Sujan,

    Are volumes are good enough to enter at current rate, or should we wait for break out with better volumes to happen?


    Charuhas
     
    charuhas31, Sep 15, 2012
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  4. sujan4bw

    sujan4bw Member

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    Hi,

    Already there is breakout of previous high 75.6 yesterday. Now it is trading at 77.3.

    We can take position If it trades above 79 on monday. Volume also good.

    Remember its only for short term say 1 week.

    Regards
    Sujan
     
    sujan4bw, Sep 15, 2012
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  5. sujan4bw

    sujan4bw Member

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    Removed stop loss details in thread. Please do analyze the charts and keep stop loss.
     
    sujan4bw, Sep 15, 2012
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  6. sujan4bw

    sujan4bw Member

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    Dish TV is rocking .
     
    sujan4bw, Sep 17, 2012
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  7. shabbir

    shabbir Administrator Staff Member

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    Great going :D
     
    shabbir, Sep 17, 2012
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