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manoj4517

Dixon trending upwards on a 1 hour chart

Long
DIXON TECHNOLOGIES (NSE:DIXON)  
manoj4517 Updated   
NSE:DIXON   DIXON TECHNOLOGIES
Trend Analysis Chart Patterns Technical Indicators
2
0
trendanalysis chartpattern indicator
With RSI close to 68, MACD trending above zero line with bullish crossover and trading above 50EMA, suggesting a continuing trend.
Entry recommended at 4185 with target of 4500 and SL@4100
Comment:
OBV value increasing continuously on 1hr chart indicating buying interest
Comment:
Voila!
As predicted, upward momentum is strong and traversing exactly along the parallel channel.
Hold still as long as trend line is maintained.
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