DishTV (By EOW, EOD: July 29)

Lot Size = 7000
CMP: Future = 103.80. Spot = 102.90

Range for 1st week of Aug:

•  93 to 112.75 (suggested by the up channel in the weekly chart)

Expected Trajectory: (From: CMP: 103.80)

• CMP -> down to 102.50 (I would exit shot position around 102.75 or 103). 
• Then up move to 107 (to complete 5 waves). Max it may go up to: 112.20.
• Then bigger down move. This down move min tgt is: 102.50. Max tgt is: 96 (approx) - depending on whether it is returning from 107 or 112. 
• It is also possible that after 107 correction to 102.5 then up move to 112 and bigger correction. Need to see how waves develop.

5min Chart:

• -ve divergence is seen RSI chart from 98 to 104 (ie, from 3 to 5.3)

5min and 1 hour chart:

• Broke the expanding diagonal at 101.50. 
• Diagonal's min and max width are: 6 and 10 points (approx). So, possible tgt is 106.50 / 110.50.

Day Chart:

• Historical peaks suggests that 104.xx and 109.xx are two good resistances.
• Price is in a bigger diagonal which started on Feb 24. Price is nearing 4E of this bigger diagonal.
• This bigger diagonal's min and max width are: 15 and 20 points (approx).
• Bigger diagonal's 4E is at 105.
• Inferance: 
• So, after completing bigger 4E (ie, 105+/107+/112.20), we can expect a bigger correction whose targets can be found once we know the correction starting point.
• If it goes above 107, I expect the wave may get the shape of extended 5th wave.

Weekly Chart:

• Helped in capturing channel for 5th wave which started at 65.50 (on Feb 24). As per this channel resistance is around 112. (to complete V3)

Charts: