1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Dish TV

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

  1. mbjeh

    mbjeh New Member

    Joined:
    Oct 4, 2012
    Messages:
    9
    Likes Received:
    0
    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?
     

    Attached Files:

    mbjeh, Jan 26, 2014
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    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
    Share #2
  3. madhusudhanps

    madhusudhanps Member

    Joined:
    Aug 20, 2012
    Messages:
    45
    Likes Received:
    6
    H&S breakout

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

    Attached Files:

    madhusudhanps, Jan 28, 2014
    Share #3
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Breakout or breakdown?
     
    shabbir, Jan 28, 2014
    Share #4
  5. madhusudhanps

    madhusudhanps Member

    Joined:
    Aug 20, 2012
    Messages:
    45
    Likes Received:
    6
    Sorry breakdown
     
    madhusudhanps, Jan 28, 2014
    Share #5
  6. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,699
    Likes Received:
    1,940
    Perfect levels then.
     
    shabbir, Jan 28, 2014
    Share #6
  7. chequesuraj

    chequesuraj Member

    Joined:
    May 3, 2012
    Messages:
    104
    Likes Received:
    8
    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
    Share #7