#Dishtv - Bullish Harmonic - Anti shark Pattern observed#Dishtv - Bullish Harmonic - Anti shark Pattern observed
Entry CMP - 12.5 SL on closing basis 10.9 Tgt 1 14.5, tgt 2 16.5
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DISHTV
DISH TV - SHORT TERM IDEA , 100% ROI Expected.This is a reversal trade, although the stock is in a downtrend in Monthly time frame, it is in strong accumulation for the last 3 years.
Monthly time frame shows price contraction, lows are moving higher and is ready to move to the major resistance zone of 24.45.
For swing one can look for entry at 20rs zone - demand and look for a target of 24.45.
For short term one can look to add at 20 zone and wait for 40 target.
Weekly Elliot waves for Dish TVIn this age of internet and mobile entertainment, is there a scope of survival for a satellite television provider?
Well the above chart attempts to make a projection of the path the Dish TV stock can take in coming years based on the rules and guidelines of the Elliot wave theory.
To highlight the most important thing about it, the stock had a clean impulsive move from March 2020 bottom.
Note*- The chart is for educational and study purpose only.
EchoStar's Strategic Merger with DISH Network
In a bold move to fortify its position as a global leader in connectivity, EchoStar Corporation (Nasdaq: NASDAQ:SATS ) recently completed its acquisition of DISH Network Corporation, marking a significant milestone in the company's quest for unparalleled wireless, satellite, and video distribution capabilities. The strategic merger has not only strengthened EchoStar's technological portfolio but has also positioned it as a key player in the evolving landscape of global connectivity.
Strategic Vision:
EchoStar's President and CEO, Hamid Akhavan, envisions a connected future where the company plays a pivotal role in offering ubiquitous connectivity to people, enterprises, and things worldwide. The merger with DISH Network is a crucial step towards realizing this vision, allowing the combined entity to leverage various transport modes, smart technologies, and integrated services to meet the diverse connectivity needs of customers.
Technology and Network Synergy:
The acquisition seamlessly integrates DISH Network's satellite technology, streaming services, and expansive nationwide 5G network with EchoStar's premier satellite communications solutions. This combination establishes the newly formed entity as a global leader in both terrestrial and non-terrestrial wireless connectivity. With DISH Network's 5G network covering over 70% of the U.S. population and EchoStar's successful launch of the JUPITER 3 satellite, the merged company is uniquely positioned to provide comprehensive communication and content distribution capabilities.
Leadership and Unmatched Capabilities:
Charles Ergen, Executive Chairman of the Board of EchoStar, emphasizes the historic nature of the merger, bringing together two trailblazing companies with complementary portfolios. The combined entity, headquartered in Englewood, Colorado, operates globally under a suite of established consumer and business brands, including Boost Mobile, Boost Infinite, Sling TV, and DISH TV. This extensive brand portfolio, coupled with EchoStar's Hughes and JUPITER satellite services, positions the company as a one-stop solution for a diverse range of connectivity needs.
Bridging the Digital Divide:
John Swieringa, President, Technology & Chief Operating Officer of EchoStar, underscores the importance of bridging the digital divide in today's digital-first economy. The merged company's combined brands, technology, and operational resources uniquely position EchoStar to offer a compelling global offering that connects consumers to internet access, mobile phone service, television programming, and streaming content. Additionally, the company aims to deliver secure terrestrial, non-terrestrial, and hybrid connectivity solutions to business and government customers.
Financial Analysis and Market Trends:
While technical analysis indicates a falling trend in EchoStar's stock prices in the medium to long term, recent strategic moves, such as the DISH Network acquisition, suggest a potential turnaround. Investors' acceptance of lower prices may be indicative of short-term challenges, but the company's focus on global connectivity and the positive momentum indicated by the RSI above 70 present a promising outlook for the stock.
EchoStar's completion of the DISH Network merger marks a significant milestone in its journey toward becoming a global connectivity powerhouse. The strategic vision, technological synergies, and unmatched capabilities position EchoStar as a key player in addressing the evolving needs of consumers and businesses in the digital age. As the company continues to bridge the digital divide, investors may find potential opportunities for growth in EchoStar's compelling and expansive connectivity offerings.
Bullish Candle and Resistance: DISHTV's Rally Towards 22DISHTV exhibited a notable bullish candlestick, concluding the day at a crucial daily resistance level. Provided the forthcoming days sustain and reinforce this robust bullish sentiment, it is likely that the ongoing surge will persist, propelling the stock's value higher towards the nearby daily swing point near 22.
$DISH still in a downtrendNASDAQ:DISH up nicely today but still in a downtrend, before it can start a new uptrend, the 20 weekly moving average needs to move above the 50 weekly moving average.
Dish TV - 34% Growth Expected In Coming Few DaysThe Price action is forming an Inverse Head And Shoulder with neckline of 16.5. Price is already above 200 Daily Moving Average. Media Sector may breakout soon which can push the prices of DISH TV higher.
Once the daily candle closes above, a Long can be initiated
Stop Loss- Below the lows of breakout candle with some buffer
Targets-
1. 19
2. 22.3
Place stop loss to entry once target 1 is achieved.
Always follow Risk Management and Position Sizing.
Dish had a good day amid declineDISH had a pretty good day - all things considered.
Forward-looking forecasts are strong - trading below the worst-case scenario for 12 months from now with a likely 130% upside. The 4.6x P/E is also very attractive. I'm sure DISH is still popular in rural areas - but the cord-cutting trends continue and concern me - thoughts?
NASDAQ:DISH
#RADIOCITY #SUNTV #ZEEL #SAREGAMA #PVR #DISHTV #TV18BRDCST #NDTV
#RADIOCITY
NSE:RADIOCITY
CMP: 24
TP: 29
SL: 22
TF: <6m
RR > 2 times
Return 20%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia