Dixontechnologies
Dixon Technology Breakout on the Daily Chart!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 breakout. Also, it is easy to note that the sellers became weak as the price was approaching the resistance. Will Dixon touch 20,000 levels , once again this year? Let me know by leaving your comments below.
DIXON TECH 1H Flag Pattern 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
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