📊 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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Happy Trading!
InvestPro India Team
Dixon Technologies looking a good buy in the demand zone @ 2770 - 2570 and expected to show a bounce towards marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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
Dixon Technologies stock at harmonic support if find reversal one can go long as per their trade setup with proper stop loss.
Pattern stop loss is quite big so manage risk and sizing accordingly.
Note:- As Per this harmonic pattern, stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Kindly note that and ask in live...
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)...
