Dish TV from the lows of 11.9 on 27/10/2008 is making a diagonal advance..according the pattern wave 1,2,3 are complete with wave 3 being smaller than wave1.Wave b of 4 is going on at present.. I expect wave b to finish soon followed by an impulsive c wave which should take the prices to 60 lvls..
Accumulate shorts above 100 with SL of 151 (for risk takers) & 125 (low risk traders)
Accumulate shorts above 100 with SL of 151 (for risk takers) & 125 (low risk traders)
Comment:
Book half and maintain SL of 85 for reamainning half.
Trade closed: target reached:
Looks like the downtrend is in ending stages. Book comlete.