DIXON:-
1. string line life time high breakout
2. primary trend support line reversal price movetum
3. rising wedge pattern fomed and breakout soon after u can expect the target level resistance
DIXON gave triangle pattern breakout and moving above the horizontal line. Expect bullish run some more days.
GOOD NEWS and SENTIMENT in the Market
Only for education purpose.
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.
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...
Stock took rejection from Fibonacci 38.2% and 78.6% levels (highlighted separately in chart)
Volumes on the rise
Broken resistance TL and made new ATH
Buy above resistance zone (4480 levels)
INTRADAY - 4550, 4600
SWING - 4750, 4900 and 5000
Play Long Side on DIXON Tech.
Volumes, RSI, Todays Movement, EMA, Rounding Bottom Breakout etc. are showing upward movement.
Targets are mentioned in chart
Ascending triangle is forming in Dixon Technologies, tried to breakout with decent volume. RSI is bullish for monthly, weekly and daily time frame.
if sustains above 4270 it is a good bullish sign.
