Dixon Technologies look weak on daily chart and taking short position around 6100 - 6000 levels can be a good trade from risk reward standpoint. Expect Dixon slide till 5400 and then 5200 levels until 6400 is intact on the upside.
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We can buy Dixon technologies around 4700 as per Elliot wave analysis this is the best palace. after ABC - correction wave a new fresh Elliot wave analysis we are seeing. So we can buy this particular script around 4600 which is the best place.
Hello Champions,
For September month this is one more pick which is only for Trading purpose.DIXON as we all know how this stock moves on charts.Positive news drived this stocks from its low to 52 week highs but the move is yet to come.It is not able to sustain on high because of shorts
Which are manipulating the stock.
Conclusion - Shorts which we are noticing...
📊 Understanding Breakouts and Patterns
Breakout: A breakout occurs when the price of a stock moves beyond a key support or resistance level, indicating a potential shift in trend.
Inverse Head and Shoulder: A reversal pattern where the price forms three troughs, with the middle trough (head) lower than the other two (shoulders). It signals a potential...
Short Dixon once sustain below 4750 for the marked targets on the chart until 4900 is intact on the upside.
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InvestPro India Team
As you can Already see in Chart Dixon is Facing Major Resistance At 4650ish Level.
Whenever Market Came to that level seller push the price downward.
Now, Buyers are little more aggressive than before and Price broke out from Flag & Pole Pattern with Volume . Which Gives us enough information to go long in this Stock till 4650 for safe Traders and ...
A great support as per my setup and a bounce after a good momentum upside. Entry & Exit are mentioned on charts and this is a delivery based entry as this stock has never disappointed me and works best on 15-1 hours setup for me.
TIME FRAME:1 HOUR
I will wait for opening tomorrow If I see market will retest on the support on the chart will Enter for a SL of 20-30 points as per my setup. It will also be better to enter using smaller time frame on support if any pattern or Japanese bullish candlestick is represented. The more you buy on support the better it is to place SL as this game is...
DIXON (NSE) Cash Segment is trading up 2.32% Today on 17th August 2022. Is on the verge of breakout Above 4020 (CMP 4002), We Would like to Buy the Stock in the Cash Segment Above 4025 With the Stoploss Placed below 3945 and Eyeing for the Targets of 4225/ 4425 in the Next 2-3 Trading session. Expecting Good Momentum in the Stock.
NSE: DIXON 5493
-Up Trend Continues After Taking Support
-Price And Volume Both Confirms
-Next Levels To Watch 5570-5850-6250
-Support Levels 5260-5080-4990-4735
-Closing Basis
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 (21VMA)".
Please refer below image.
2)...
