Nimish_Ghagare

Swing Opportunity in Dixon Technologies

Long
NSE:DIXON   DIXON TECHNOLOGIES
Go Long above 4260.1 for Targets of 4704.2 and 5148.3 with SL 3816

Reason to go Long :

1. The stock formed a Bullish chart pattern ( Cup & Handle ) and it gave breakout with high volumes.

2. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level.
Trade active: Entry triggered on 17 June 2021
Trade closed: target reached: Target 1 achieved on 16 July 2021.
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