As per the weekly chart we are in a perfect place to begin the downward trend. we have take out the weekly buy stops, now waiting for the heavy displacement in the stock price for the downside and move towards Rs2500 per share.
a weekly flag and pole patter with a clear breakout and retest and again at the good levels. If you know about this pattern you can see it clearly and short as well as long trade can be seen in future according to ones capacity.
DIXON TECHNOLOGY Dixon Technology Impulsive Movement: Dixon Technology has started an "impulsive movement upside," indicating that the stock's price has been rising in a strong and decisive manner. Bottoming Out Near 2553: The stock reached a low point near 2553 on January 30, 2023. This low is referred to as the "bottoming out" point. Intermediate Wave (2)...
Dixon has given a major breakout. It has broken out of Flag and Pole pattern with good volume. It has also formed a bullish divergence by forming Lower Low on price and Higher Low on indicator. Entry: CMP Exit/Stoploss: 4080 T1: 4700 T2: 5000 T3: 5600 T4: 5930
*Dixon Technologies Ltd.* P&F Formation on Yearly Basis. Price BreakOut Sustained. Strong Vol. Consolidation/ Continued BuiltUp. Electronics Manufacturing PLI / Sector outlook Positive for Company. Trail SL with Upside. Book Profit as per Risk Appetite. Do Your Own Research as well. This is an Opinion Happy Investing 😇
NSE: DIXON is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on...
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 6076+. ✅Can Go short in this stock by placing a stop loss below 3730-.
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