Dish TV is having a breakout from a symmetrical triangle with huge volume, also referred to as a coil, usually forms during a trend, contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape, like a contracting wedge, wide at the beginning and narrowing over time.
Dish TV: ₹103.65 Next Resistance is at ₹116. On crossing this level the stock can reach to all time high.
Support: ₹98
Dish TV: ₹103.65 Next Resistance is at ₹116. On crossing this level the stock can reach to all time high.
Support: ₹98
Kommentar:
At a minor support level , may pullback to 80
Kommentar:
Back to 72 again.Hope 60 will support.
Instead a back test of support it entered back in to the Symmetrical triangle, this may bring down the stock to a down support or even 60 level