Dish TV India Limited (DISHTV) Stock - Complete Technical Analysis - Sep 11, 2024

Dish TV Stock Analysis: Key Support & Resistance Levels Technical Insights for Traders

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. Lets analyze Dish TV India Limited, which is currently trading at 14.1. The stock is approximately 45.99% below its 52-week high of 26.05 and 9.49% above its 52-week low of 12.85.

The technical indicators present a bearish outlook for Dish TV. The RSI is below the neutral level, suggesting the stock might be oversold. The MACD also indicates bearish momentum. The Stochastic Oscillator and Stochastic RSI point to potential oversold conditions, which could indicate a possible reversal if buying interest emerges. The Commodity Channel Index and Awesome Oscillator reinforce the notion of weak momentum.

Support levels are evident around lower pivot points, while the stock faces resistance near higher moving averages and pivot levels. The Average True Range suggests moderate volatility, which traders should watch for potential price swings.

In summary, Dish TV India Limited appears to be in a downtrend with potential oversold conditions. Traders should closely monitor support levels for potential buying opportunities while being cautious of resistance points that might hinder upward movement.