very cruiceal support 4000 if break heavy volume most of chance is going very sharp correction but my view is support not break let see and 4000 is psychological support but one time ttrend reverse
Good shorting candidate - with SL of 3% one can target 10% and 17%. Define your risk in advance and strictly follow SL. PS : Only for learning purpose. Pls consult your financial advisor before entering any trade.
Dixon is looking good to go long from here. Perfect time to enter. Targets and SL mention on chart.
DIXON - price action makes it look like forming a triangle.. Break to upside, possible targets 4450, 4550 and 4650 Daily closing below 4250 level would invalidate the bullish thesis As long as above 4250, above targets are possible
According to the DIXON Technology chart, it appears that the 5 waves of the 1 upside have been fully completed. Both the (a) and (b) waves have concluded in a downward direction, while the (c) wave is currently continuing its downward progression. There is hope that it will find support near the 61.8% retracement level, approximately at 2766, and subsequently...
For study purposes, the script has overcome the 2nd target zone and now started trading above it. So now if the support holds, it can reach the new target zone.
DIXON Seems to be bouncing from the 2nd accumulation zone above the 1st one. I still weight it as a long candidate for swing. 50% position sizing I am following as of now.
As the script has hit my target today, I am done with it as of now.
As discussed in earlier post the script was giving clues of accumulation near support and rightly so it has achieved its 1st hurdle target.
Hello to everyone, As we can see there is a Bullish divergence in RSI & PRICE on daily timeframe . This is indicating that price has not much momentum to go downside. We can expect a trend reversal in Dixon. The price consolidating in a range from last few days. As per the theory of range, the price will go to the side on which the breakout occurs. But here...
Bottom range 2920 (support line) - 3015 ( resistance) Once crossed 3015 gap filling will happen Target - 3000/3200 Sl - 2890
In the Weekly Chart of DIXON , we can see that, after failure of Cup & Handle, It is now ready for big move.
Buy Dixon 2950 SL 2925 Target 3000/3050 Consolidation break the range of last 10 days
Price under extreme consolidation. Waiting for RSI to cross 60 to initiate Long. This is for education idea and not a trading advice. Consult your financial advisor to take a position.
Price has confirmed an Uptrnd by violating a Potential Supply formed in 4H chart, then formed this Fresh Demand Zone. Which defines the Reward to Risk Ratio of 5:1, till Price reaches the Fresh Quarterly Supply, Price shoould STRONGLY DECLINE after the Target of BUY Trade is achieved. CHEERRRRRSSSSS!!!!! ENJOY THE RIDE !!!
A good up move can be expected from here Disclaimer. For educational purposes
Dixon Tech - Technical bounce - Showing technical bounce. Once can wait for 0.5 / 0.6 retracement level for shorting or break of recent low 2900 approx. Stock is in bearish zone. PS : This is not a recommendation or advisory. Please consult your financial advisor before taking position.