You can buy under buying zone but with strict stop loss of Rs 4200 and can expect 5% upside from this zone.
If stop loss hit then you can short after hitting stop loss it can go downside as per bearish flag.
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...
DIXON TECHNOLOGIES
made head and shoulder pattern in Daily time frame and also in hourly time frame..
Wait for Head and shoulder pattern breakout..
for short term trades
Stoploss below 5389
Target 1 : 5845
Target 2 : 6045
Target 3 : 6195
for education purpose only...
DIXION 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: 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
stock is breaking out of a rectangular consolidation of near 5 months from a triangular/flag pattern
bullish momentum and trend on all timeframes. stop loss for swing trades could
be kept at breakout candle low.
=> 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,...
Dixon Technologies has completed the five wave impulsive structure and is currently in the wave C down, targets for which is 3260 where C is 1.618 times of A.
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)...
Dixon is bouncing from support with good volume and momentum
I will consider this stock to buy tomorrow if sustain at upper level bounce I will buy the stock.
please check to the chart for more information.
Possibilities hereon:
1) Continuation of Stage 3 & then enter Stage 2.
2) If Weekly close below 30EMA then
Stage 4 -Downtrend & then enter Stage 1 again.
Let see how things unfold.
Any other view, suggestions are welcome.
