HEAD & SHOULDER PATTERN formation on weekly chart is there. Short below 3950 on sustained basis and look for 3800/3700 and 3500. Volumes are continuosly increasing on sell side so stock can move down to 3000 too in continuation bearish trend. Short trade invalid above 4050 on weekly closing basis.
Trade active:
dixon down 6% in a trade
Trade closed: target reached:
DIXON made low of 3200 od levels and rebounded sharply. Almost 20% in short call generated in one month