Dish TV India Limited (DISHTV) Stock - Complete Technical Analysis - Nov 25, 2024

Dish TV India Ltd Stock Analysis Support & Resistance Levels Technical Indicators 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's stock is currently under heavy bearish pressure, trading at 10.4859.77% below its 52-week high. The short-term price trend remains weak, with lower highs forming over the past few sessions. The stocks relative strength index (RSI) suggests oversold conditions, indicating that further downside is possible if the price breaks below 10.25, the 52-week low. On the other hand, the MACD is still negative, reinforcing the bearish sentiment.

Looking at support and resistance, the 10.25 level is crucial. If the stock holds above this, there might be a potential for a bounce back towards 11.00 or 11.50. However, the overall market sentiment and indicators such as the Awesome Oscillator and Commodity Channel Index (CCI) are leaning heavily toward a bearish continuation. As for volatility, the ATR values show a possible sharp move in either direction, but its essential to wait for confirmation at these critical levels. Traders should be prepared for possible choppy price action. A break below the current support would suggest further downside, while a recovery above 11.50 could signal a short-term rebound.