=> 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,...
Looks good for shortterm tgt of 3400 3500 3600 with Sl 3100 on closing basis Buy only when you are capable to take Sl.
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)...
Bullish Flag pattern in Dixon Technologies Ltd. Good time to take long position for short term.
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.
Buy Dixon Technologies near 4400 -4420 Stoploss 4050 Target 5450 Study: Ascending Triangle Breakout and Retest Structure
Details in the chart itself.
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 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...
My favorite DIXON creating cyclic pattern and new Target ~4800 in this month end. Expecting new all time price 4800 in the first week on August 2021.
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.
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.
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