Breakout happend in dixon tech. With rising 50,150 and 200 day moving averages and relative strength indicator is also showing strength .
Keep your risk and reward ratio according to your own preferances.
This is for educational purpose do your own research before investing.
At CMP Dixon looks very attractive long. Confluence of multiple parameters.
1. Took support at previous resistance level.
2. Horizontal line Breakout ahead.
3. Trendline Breakout ahead.
4. Hammer at 61.8% fib level.
5. Earning gap indicates the urgency of buyers.
i'd play this in options with 7000ce for feb month as hero zero trade.
Dixon (D) - CMP 6378
A Perfect combo of Trendline & Cup n Handle Continuation Pattern. If stock succeed to sustain above 6450 then we may see a very good upside in coming days. Also RSI is about to breaking out 60 level which will be very interesting to watch.
If Sustain above 6450 then,
Support 6300
Resistance 6750-7000-7250 As per Pattern
Note : Personal View...
Introduction :
Dixon Technologies, a notable player in the stock market, has recently exhibited signs of a bearish trend, breaching its bullish trendline and closing below it. A comprehensive analysis, based on wave counts, suggests the completion of internal degree 5 waves, raising concerns about the potential impact of Q3 results. While the stock is generally...
DIXON TECHNOLOGIES LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Bullish Flag Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 7900+.
✅Can Go Long in this stock by placing a stop loss below 6120-.
Keep it on your radar. A huge rally possible in a year!
Note*- Based on personal opinions/observations. Please do your own research/analysis before making any trading/investing decisions.
I am not a sebi registered investment advisor
Dixon has been following Fibonacci levels quite well. With increased import duties and government pushing for make in India, the breakout seems to go for first Target at ₹6150
Falling Trend Line Breakout
Stock shows the Bullish moment on (WEEKLY)
Double bottom chart pattern on the (WEEK) that indicates a Bullish moment will continue till the 5000 level if the stock sustains above 4500 it can go further more.
Technicals
—RSI 74 (WEEKLY)
—ABOVE 20 MONTH EMA
—VOLUME ABOVE 20 MA
educational purpose only!✨
Do your research before making...
Dixon is going to ready for new move as earlier it has given gud after awsome consolidation. now again giving break out from last resistance supported by gud volume.
Don't buy your full qty in one time average in every price.
SL will be 4413
Dixon technology 52 week lifetime high breakout with huge spurt in volumes and received good news from Lenovo laptop making contact pact sign so our next target will be 6659,6954,7135.
These are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar!
This content only education purpose!
❗I am not sebi ragister❗
