DishTV (by EOD Aug 4)

Two channels are drawn in 60min chart. one down (in blue) and one up (in green).

when price is touching the upper line of down (blue) channel, exit long. After that, depending on which channel it is going to follow, we should be in long or shot.

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: