Dixontech
DIXION - Triple top and Triple bottomDIXION is a very strong stock and has been in uptrend for a very long time.
in the past it has broken the strong resistance 4800 and is now a support of the breakout, same might happen if the triple bottom bounces back to resistance (5529) and give a breakout to create a new support.
till then we have to wait and watch. good to buy at support
NSE:DEEPAKNTR @ ResistanceNSE:DEEPAKNTR
#DEEPAKNTR reached ATH and retraced, now reaching to resistance level @ 2500 levels.
Sustaining above the level may give positive momentum.
Post confirmation, may try 2500 CE with SL of 2300.
Happy Trading !!
Check the Other levels shared and resulted today !!
#TATAPOWER - 42K
#MANAPPURAM - 17K
#DIXON - 21K
#IDFCFIRSTB - 15K
#IRCTC - 31K
#BANKBARODA - 27K
Dixon Cup with Handle formation (Long Setup)NSE:DIXON
Aggressive entry above 4011 on Hourly closing basis
Breakout entry of Cup with handle above 4320
Stop Loss at below 3750 on daily closing basis
Short-term target 4400,4800++
Nice formation of Cup with Handle Pattern
Looks Promising as correction came with low volume
One of the Strong Candidate among sector
Disclaimer -
This is our personal view and this analysis is only for educational purposes.
Please consult your advisor before investing or trading.
You are solely responsible for any decisions you take on basis of our research.
Dixon - Go Long=> In Daily time frame follows rising channel pattern
=> Increase in volume shows bulls are in control
=> Important resistance level broken, but looks weaker. So one can go long by crossing yesterday's high by keeping yesterday's candle low as stop loss.
=> Target should be the channel pattern upper trendline.
Disclaimer => This is only for educational purpose, Trading involves Substantial risk of loss, pls consult your financial advisor before investing.
#Dixon #Stockmarket
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.
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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.
Dixon Technology Breakout on the Daily Chart!Dixon Technology has given a clear breakout from a bookish ascending triangle on the daily chart. It is important to notice how beautifully the stock has retested the supply zone or resistance multiple times and then given a clear breakout. When a stock tests a zone or level multiple times, the zone becomes weak and hence it is highly probable that it may give a breakout. Also, it is easy to note that the sellers became weak as the price was approaching the resistance. Will Dixon touch 20,000 levels , once again this year? Let me know by leaving your comments below.
DIXON TECHNOLOGIES Dixon technologies looking good for upside. On 2 hour timeframe it has seen breaking out of triangle pattern. Retest done and formed a bullish candle on same timeframe. Looking good for targets 5000+ levels.
Please note I’m not a registered analyst. Please analyse your self before investing.
DIXON TECH 1H Flag Pattern 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.