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sharmagkp

DIXON TECHNOLOGY channel break for next big move

Long
DIXON TECHNOLOGIES (NSE:DIXON)  
sharmagkp Updated   
NSE:DIXON   DIXON TECHNOLOGIES
Trend Analysis Head and Shoulders Parallel Channel midterm longterm channel-break bigvolume chartpattren breakout
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trendanalysis headandshoulders parallelchannel midterm longterm channel-break bigvolume chartpattren breakout
DIXON seems ready for next big move as on weekly scale it has completed it's wedge pattern and already breakout happened for 40% now second entry comes now as it has now given breakout from channel (better visible on daily time frame).

Next, at least 40%, move is quite clear.

Note: Government ban over import of related goods could possible accelerate it.


Disclaimer: My ideas are not for recommendation purpose. Just sharing ideas with community.
Comment:
Weak movement that could push the price toward 4590-4600 level in coming weeks.
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