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.
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.
