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Dixontechnologies

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 & Bajaj-Auto Showing High Rise in Future OIDIXON Following a significant upward trend, the stock price experienced a correction and later established a Double Bottom pattern. Recently, a breakout occurred, backed by strong volume, suggesting that the price is set for further gains. Additionally, a notable increase in future open interest—nearly 11%—has been recorded. This rise in both stock price and future open interest signals that big investors are optimistic about this stock. As long as the price remains above the 12,900 level, the overall sentiment is likely to stay positive. BAJAJ-AUTO During the upward movement, the price experienced a brief consolidation phase, resulted in the formation of a Rounding Bottom pattern. Recently, a breakout occurred, supported by significant volume, suggested that the stock price is poised to maintain its upward trajectory. Moreover, there has been a remarkable surge in future open interest, climbed nearly 19%. This increase in both the stock price and future open interest indicates that big investors are bullish about this stock. As long as the price remains above the 10,000 level, the overall sentiment is likely to stay positive.
Editors' picks
NSE:BAJAJ_AUTOLong
by GoodluckCapital
1
DIXON 10 Years Target 2.5 Lakh possible based on monthly ChartsDIXON 10 Years Target 2.5 Lakh possible based on monthly Charts. LTP – 11670 can be accumulated around 11400-12000 price range. Targets - 2.5 Lakhs + {20x Return in 10 Year} ... Another Multibagger who can Compete with MRF. Time frame - 9-10 Years No SL its Long-Term Investment hold. Fundamentally company Profits are growing almost double in every 2-3 Years ... Excellent Business & future technology company. Almost Debt free company with Clientele - Motorola, Xiaomi, Samsung, Airtel, Reliance Jio, Acer, Lenovo, etc.
NSE:DIXONLong
by JITU_210
3
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