Dish TV India Limited (DISHTV) Stock - Complete Technical Analysis - Sep 27, 2024

Dish TV Technical Analysis: Will DISHTV Rebound or Face More Downside NSE Insights

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Dish TV India Limited (DISHTV) is currently trading at 14.24, reflecting a significant 45.34% decline from its 52-week high of 26.05, reached on February 20, 2024. Conversely, it stands 10.82% above its 52-week low of 12.85 recorded on June 4, 2024. The stock's technical indicators present a mixed outlook. The RSI is at 51.01, indicating a neutral stance, while the MACD shows a negative level, suggesting bearish momentum. The ADX is at 18.31, which signals a weak trend, and the Stochastic Oscillator indicates the stock is neither overbought nor oversold.

A bearish reversal pattern, the Shooting Star, has been identified, which could hint at potential resistance near the 14.47 to 14.94 range. Support levels appear strong around 13.89, with critical pivot points hovering around 15.23. The Exponential Moving Averages (EMAs) are closely grouped, with the 10 EMA at 13.94 and the 20 EMA at 14.06, indicating potential consolidation. However, the price being below the longer-term EMAs suggests a bearish bias.

The bullish signs include the Commodity Channel Index (CCI) at 112.61, which indicates strong momentum. Traders should keep an eye on the upcoming trading sessions for price action around the identified resistance and support levels. A break above the resistance might provide a buying opportunity, while a drop below support could signal further downside potential. The average true range (ATR) suggests moderate volatility, indicating that traders should be prepared for possible price swings.

Overall, traders should maintain caution and monitor these levels closely as the stock attempts to navigate through this mixed technical landscape.