Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
The stock has shot out of the pattern with very high volumes.
It is a long candidate considering the setup and technicals. If it sustains levels of 4360, the likely targets are 4635 and 5020.
Be aware that the stock can face resistance around 4460.
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NSE:DIXON
Observations:
1)On daily time frame, previously it has taken good support from 21DMA and now today,07-09-2021, it just closed below 50DMA with good bullish candle.
Please refer below chart : Daily time frame.
Today volume also increased compare to yesterday and it was above "21Volume Moving Averange...
Dixon is bouncing from support with good volume and momentum
I will consider this stock to buy tomorrow if sustain at upper level bounce I will buy the stock.
please check to the chart for more information.
QUICK FUNDAMENTALS : Dixon Tech Q1 results: Consolidated PAT jumps 1,035% to Rs 18 cr, but misses estimates
The contract manufacturer reported a 261 per cent year-on-year rise in consolidated revenues to Rs 1,867 crore for the reported quarter.
The stock is in a good BUY Zone now. Watch out for the current level and grab it if...
Dixon - HOLD
Currently below 50 Day MA
MACD Downtrend
RSI - 32 over sold
Suggestion for New Entry -
Buy at current levels or wait for a bit of correction
Expected to bounce back as its below its 50 day moving average.
DIXON:-
1. string line life time high breakout
2. primary trend support line reversal price movetum
3. rising wedge pattern fomed and breakout soon after u can expect the target level resistance
DIXON gave triangle pattern breakout and moving above the horizontal line. Expect bullish run some more days.
GOOD NEWS and SENTIMENT in the Market
Only for education purpose.
Important Levels to Watch:
Supports : 4374
and the whole flag trendlines
good Buy above 4460
Targets: 4535 / 4643+
GOOD NEWS and SENTIMENT in the Market
Disclaimer: we are not SEBI registered, this is only for education purpose so please take advise from your financial advisor, invest at your own risk.
Play Long Side on DIXON Tech.
Volumes, RSI, Todays Movement, EMA, Rounding Bottom Breakout etc. are showing upward movement.
Targets are mentioned in chart
