Get started

Dixonlevel

Dixon Tech either buy or wait to buy?? Dixon is trading in a parallel channel for a while and now it is holding on to the higher levels. The company is a EMS (Electronic Manufacturing Services) and provides them to the listed companies. On the monthly charts, the stock has been travelling and given 150% returns in the current year. Much of the movement is given this year and still the targets of 20k is being recommended by some rating services company. As for now the stock is holding on to the higher levels and creating a Flag and pole pattern. 400 points range the stock is consolidating and the bullish flag break out can take the stock to the higher levels. A low volume accumulation in happening in the stock and the target levels of around 17800 can be seen in the coming weeks. Targets :- 16700, 17700 Wait for the price action around the break out level and enter as per the setup.
NSE:DIXON
by Mambotrade
1
Dixon Technologies: Market Sentiment and Options StrategyMarket Sentiment Overview As Dixon Technologies approaches its dividend declaration on September 18, 2024, the options data reflects a balance between bullish sentiment and caution: - Bullish Indicators: - Call Options Build-Up: Strong buying activity is observed, especially at the 14,000 and 15,000 strike prices. - Put-Call Ratio (PCR) at 0.98: This indicates a slightly bullish sentiment, as calls outnumber puts. - High Open Interest in Calls: A total call OI of 23,51,300, focused on the 14,000 and 15,000 strikes, supports upward momentum in the stock. - Caution Signals: - Aggressive Put Buying: Put OI of 9,36,500, mainly concentrated at the 13,000 strike price, signals hedging or caution. - High Intraday PCR of 50.08: This suggests increased put buying activity, indicating traders are hedging against possible downside. - Volatility Expectations: - Implied Volatility (IV): Ranging between 37.66% and 41.8%, which points to the potential for significant price swings. Key Price Levels - Resistance: 14,000 – 14,500, with 15,000 acting as a strong cap. - Support: 13,000 – 13,500, serving as a potential floor. Recommended Options Strategies 1. Bull Call Spread (Moderately Bullish) - Strategy: Buy 14,000 Call, Sell 15,000 Call. - Target: Profitable if Dixon rises toward 15,000. - Suitability: Ideal for traders with a moderately bullish outlook, offering limited risk and reward. 2. Bear Put Spread (Moderately Bearish) - Strategy: Buy 13,000 Put, Sell 12,500 Put. - Target: Gains are realized if Dixon drops toward 12,500. - Suitability: Suitable for traders anticipating a moderate downside, providing defined risk and reward. 3. Protective Put (Hedging Strategy) - Strategy: Buy 13,000 or 13,500 Put to hedge against downside risk. - Purpose: Allows long-term investors to maintain their position while protecting against adverse price movements. - Suitability: Best for long-term investors looking to manage risk during heightened volatility. Conclusion Dixon Technologies’ options data leans towards a bullish bias, with rising call OI at 14,000 and 15,000. However, the increased put activity at 13,000 indicates some hedging and caution. Short-term traders can capitalize on a bull call spread for upside potential or a bear put spread for downside protection. For long-term investors, a protective put is recommended to mitigate risks as volatility rises ahead of the dividend announcement. Disclaimer The information provided in this analysis is for educational and informational purposes only and should not be construed as financial or investment advice. Options trading involves substantial risk and is not suitable for all investors. Past performance does not guarantee future results. It is important to conduct your own research and consult a licensed financial advisor before making any investment decisions. The strategies discussed are based on current market conditions, which are subject to change. We do not guarantee the accuracy or completeness of the information presented, and we are not liable for any losses incurred from its use.
NSE:DIXON
by ruelfernandes
Dixon it's time for HULK BUSTER Move 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 in this share is just to keep retailers away from making profits. Strategy - Dixon CE 5200 trading at 160 is a strong buy on these levels . View - As the stock is big in value the premium eating game will not work on this . Target - Just expand the chart to lifetime highs and sit tight. Risk - Options are very high in Risk . Disclaimer - Registered with SEBI .
NSE:DIXONLong
by brainvehicle
Decode Dixon Technologies: The Breakout Opportunity📊 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 bullish reversal. 🚀 Key Breakout in Dixon Technologies 🚀 Dixon Technologies is showing an exciting breakout in the daily time frame. When we analyse the weekly chart, we can identify a pattern resembling an inverse head and shoulders. However, it's important to note that this pattern exhibits characteristics of a head and shoulders pattern due to the notably smaller right shoulder compared to the left. 📊 Volume Confirmation The confirmation of a breakout is often supported by volume analysis. In both the daily and weekly charts, we observe strong bullish volume, indicating heightened buying interest. On the daily chart, the Wave Volume Divergence indicator reveals a significant accumulation of bull volume, strengthening the validity of the breakout signal. 📈 Price Levels and Entry Strategy Currently, Dixon Technologies is trading around 4840, while the previous resistance was at 4819. To plan a trade, we must wait for the breakout to sustain above the 4820 level. It's wise to allow time for confirmation, as multiple rejections have occurred at this level in the past. We can consider initiating a buy position if the breakout maintains its strength before the market closes, ideally within the last 5 minutes of trading. 📊 Resistance and Upside Potential The next resistance zone to watch is near the 5275 level. If the breakout proves its strength, Dixon Technologies could experience further upward movement. This resistance zone marks a critical level where price has often encountered resistance, so careful monitoring is essential. 📚 Educational and Precautionary Note Remember that this analysis is for educational purposes only and does not constitute financial advice. Always do your research and consider consulting a registered analyst before making trading decisions. 👍 Engage and Share If you find this analysis helpful, give it a thumbs up! Share your observations in the comments section. Your feedback is invaluable in shaping future analyses. Thank You for Your Support Your likes, follows, and comments inspire me to continue providing valuable insights. Let's keep growing and learning together. Connect for More For more trade setups and analysis, follow me on TradingView: in.tradingview.com 🌟 "Embrace uncertainty and let knowledge be your guide in the ever-changing world of trading." 🌟
NSE:DIXONLong
by AfnanTAjuddin
6
Dixon | Flag & Pole Pattern Spotted | Buy Trade Setup . 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 investors . But if you want big Move wait for the Price to close above 4650 and you can see the MAGIC Afterwards and currently looking at the Market, I'll Say that it will breakout from that Level. Till then wait and let see how this Stock plays Out . NSE:DIXON Disclaimer-: View is just for Educational purpose only. Consult your financial advisor before taking any financial Decision.
NSE:DIXONLong
by Notorious_Trader
Simple Trade Setup | DIXON | 08-09-2021NSE: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) Also on 1hr time frame it made rounding bottom pattern along with double bottom. Please refer below chart : 1hr time frame. 3) On Daily time frame it has made V bottom pattern. And in last 4 days it breakout the neck line of it and it tested today from 4200 level and gave good upmove. Now next neckline/resitance to watch is 4350. Any sustainable breakout of 4350 level will give good upmove. Please refer below chart : daily frame. ------------------------------------- Trade Setup for Date 08-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:DIXON
by Trading_hawk
12