TradingView
Nimish_Ghagare
Jun 8, 2021 7:29 PM

Swing Opportunity in Dixon Technologies Long

DIXON TECHNOLOGIESNSE

Description

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.
Comments
Stockoholic_PearlCity
Target in how many months?
More