Bullish Setup or Rejection?Dixon Technologies (NSE: DIXON)
📅 Date: June 10, 2025
🕒 Timeframe: 15-Minute Chart
Bullish Setup or Rejection?
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🔍 Chart Overview
The 15-minute chart of Dixon Technologies shows a clear short-term uptrend after a pullback from the recent swing high of ₹15,070. The stock is approaching a clustered resistance zone, while buyers appear active around dynamic supports, supported by healthy volume activity.
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🧭 Price Action
• Price made a higher high at ₹15,070 followed by a retracement to ₹14,611, establishing it as a critical swing low.
• A structured bounce from ₹14,611 towards ₹14,975 indicates renewed bullish interest, but the price is now hovering just below a strong confluence of resistances.
• Recent candles show wicks on top, suggesting supply pressure near ₹14,950–₹15,000.
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📐 Chart Patterns & Structure
• A higher low has been established at ₹14,817, providing immediate support.
• The broad structure hints at a potential symmetrical triangle breakout, but confirmation is awaited.
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📊 Volume Analysis
• Volume spikes were seen during the breakout from the lower support zone near ₹14,381–₹14,451.
• Current volume is slightly above average, suggesting accumulation, not distribution.
• The blue volume MA line is flattening — indicating a potential pause or consolidation before the next leg.
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🧱 Support & Resistance Levels
🔻 Resistance Zones
• ₹15,145 – Resistance 3: Major rejection zone
• ₹15,070 – Historical swing high: Key psychological level
• ₹15,060 – Resistance 2: Cluster near supply zone
• ₹14,987 – Resistance 1: Immediate intraday resistance
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🔺 Support Zones
• ₹14,829 – Support 1: Near higher low
• ₹14,744 – Support 2: Minor structural support
• ₹14,671 – Support 3: Important level to monitor
• ₹14,684 – ₹14,663 – Possible Demand Zone (Stop Loss: ₹14,639)
• ₹14,451 – ₹14,381 – Strong Demand Zone (Stop Loss: ₹14,357); respected earlier with volume confirmation
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📘 Educational Breakdown
• Demand Zone Clarity: The green shaded regions are institutional demand pockets, where price has historically reversed. These zones are ideal for low-risk, high-reward trades.
• Risk Management Tip: Always combine zone confirmation with volume and price action (like bullish engulfing or pin bars) before executing trades.
• Confluence Concept: The ₹14,817–₹14,829 region is aligned with previous structure, EMA zones (if used), and trendline support — this adds confluence strength.
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📌 How to Trade Dixon Tech (NSE: DIXON)
⚠️ This is an educational analysis, not investment advice.
For Bullish Scenario:
• Watch for a strong bullish candle breakout above ₹14,975 with volume.
• Immediate targets: ₹14,987 → ₹15,060 → ₹15,145.
• Consider demand zone entries at ₹14,684 or ₹14,451 on retracements with strict stop losses.
For Bearish Scenario:
• Breakdown below ₹14,817 may invite selling pressure.
• Targets: ₹14,744 → ₹14,671 → ₹14,451.
• Shorting near ₹15,070 with bearish confirmation may offer low-risk entries.
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✅ Conclusion
Dixon Tech is approaching a critical decision zone. If bulls manage to break through ₹15,070 with momentum, we could see a fresh leg toward ₹15,145+. However, failure to hold ₹14,817 might tilt sentiment short-term bearish. Traders should focus on volume-backed levels and react based on confirmation, not anticipation.
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📢 Disclaimer
This content is for educational and informational purposes only. It is not investment advice or a recommendation to buy or sell. Trading involves risks. Consult a SEBI-registered advisor before trading. The author is not SEBI-registered and holds no responsibility for financial loss. Always do your own analysis and manage risk.
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