Education purpose Price action analysis - DixT

Long

DIXON TECHNOLOGIES (NSE:DIXON)

Updated

NSE:DIXON DIXON TECHNOLOGIES

Support and Resistance Supply and Demand

Dixon Tech is giving the BO on Weekly chart..
ATH
ADX positive
DMI+ in right direction
RSI also is buying territory
In this situation stock can be entered with the previous candle Stop
SLT - 5875
Entry 6400
Trail the SLT..

Comment:

On weekly chart it has given BO last week (15/12/23) and retest in the current week and if it closes above 6317 then it should move onward...

Entry above 6317
Target open
SL 6000

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