Dixon Technologies (India) Ltd. Chart Analysis
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Dixon Technologies (India) Ltd. Chart Analysis
It's shows important price movement and trend analysis. Here's a breakdown of key technical elements:
Key Observations:
Price Movement:
The stock has seen significant volatility, with a recent 6% drop (-810.20 points) in the past trading sessions.
Earlier, it saw a sharp recovery after a large drop of ~15% (-1,887.20 points), indicating a potentially strong support level around ₹10,400-₹10,500.
There's another smaller 6% correction, hinting at short-term weakness but potentially signaling a consolidation.
Potential Targets:
After the consolidation, the next upside potential is estimated at ₹13,500-₹14,000.
If it breaks above this level, the target could extend towards ₹14,200-₹14,500, representing a 14.27% rise from the current level.
Downside risk exists, with support levels around ₹11,500-₹12,000, which should be monitored.
Volume and CVD (Cumulative Volume Delta):
The CVD at the bottom suggests some selling pressure with higher red bars, indicating sellers are currently in control.
A recovery in this volume indicator could indicate buyer interest returning to the stock.
Fundamental Overview:
Dixon Technologies is a leading electronics manufacturing services (EMS) company, primarily catering to consumer electronics and lighting products.
Financial Strength:
The company has consistently reported growth in revenue and profits, supported by the booming electronics demand in India.
It has a strong return on equity (ROE) and low debt, making it fundamentally sound for long-term investment.
This stock could see strong movement based on how it handles the current consolidation zone, with potential for both upside and downside depending on market sentiment.
Dixon Technologies (India) Ltd. Chart Analysis
It's shows important price movement and trend analysis. Here's a breakdown of key technical elements:
Key Observations:
Price Movement:
The stock has seen significant volatility, with a recent 6% drop (-810.20 points) in the past trading sessions.
Earlier, it saw a sharp recovery after a large drop of ~15% (-1,887.20 points), indicating a potentially strong support level around ₹10,400-₹10,500.
There's another smaller 6% correction, hinting at short-term weakness but potentially signaling a consolidation.
Potential Targets:
After the consolidation, the next upside potential is estimated at ₹13,500-₹14,000.
If it breaks above this level, the target could extend towards ₹14,200-₹14,500, representing a 14.27% rise from the current level.
Downside risk exists, with support levels around ₹11,500-₹12,000, which should be monitored.
Volume and CVD (Cumulative Volume Delta):
The CVD at the bottom suggests some selling pressure with higher red bars, indicating sellers are currently in control.
A recovery in this volume indicator could indicate buyer interest returning to the stock.
Fundamental Overview:
Dixon Technologies is a leading electronics manufacturing services (EMS) company, primarily catering to consumer electronics and lighting products.
Financial Strength:
The company has consistently reported growth in revenue and profits, supported by the booming electronics demand in India.
It has a strong return on equity (ROE) and low debt, making it fundamentally sound for long-term investment.
This stock could see strong movement based on how it handles the current consolidation zone, with potential for both upside and downside depending on market sentiment.
Comment
Moving toward achieving target Disclaimer
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