DIXON - short for 10 % price facing resistance at 15800 level
on weekly charts , price shows inside bar revrsal pattern
MACD 12-26 weekly shows negative crossover
target and SL marked
DIXON trade ideas
Dixon Tech either buy or wait to buy??
Dixon is trading in a parallel channel for a while and now it is holding on to the higher levels.
The company is a EMS (Electronic Manufacturing Services) and provides them to the listed companies.
On the monthly charts, the stock has been travelling and given 150% returns in the current year.
Much of the movement is given this year and still the targets of 20k is being recommended by some rating services company.
As for now the stock is holding on to the higher levels and creating a Flag and pole pattern.
400 points range the stock is consolidating and the bullish flag break out can take the stock to the higher levels.
A low volume accumulation in happening in the stock and the target levels of around 17800 can be seen in the coming weeks.
Targets :- 16700, 17700
Wait for the price action around the break out level and enter as per the setup.
DIXON#DIXON CMP 14200
Continuously taking support from 50 EMA
Ready for breakout and the ADX is at near
to 25 shows confirmation of uptrend.
next target will be around 14890.
DIXON- Backed by Semi Conductor PlayHighly resilient stock Dixon has fallen the least in weak markets.
This stock has followed the channels well until now.
Brokerages have gradually increased BUY ratings on this one as well.
Targets: 18000+
Stop Loss: 12000
You are responsible for your own loss/profit.
Dixon Now Trading Near A Very Strong Support Zone ✅The stock has been consistently trending within an ascending channel for most of the year, respecting both the upper and lower trendlines. Currently, it has pulled back to a key support zone near 13800, which coincides with the lower trendline of the channel, suggesting a potential bounce from these levels.
✅ The 50 EMA has provided solid support to the stock during pullbacks within this trend. This EMA, coupled with the lower trendline, forms a strong support base around 13800–13900. As long as the stock holds above this level, the bullish trend remains intact. The recent correction saw a spike in selling volume, indicating profit-taking at higher levels. However, as the price approaches support, we would expect buying interest to increase if this level holds signalling potential accumulation for a renewed upward move.
✅ The RSI stands at 43 approaching an oversold territory. Historically, the stock has rebounded when the RSI reached similar levels hinting at a potential reversal. If RSI rises from this zone it would confirm a build-up in bullish momentum.
🚨 The immediate resistance is at 15000 which aligns with the upper boundary of the channel and has acted as a cap for previous rallies. A breakout above 15000 could lead to an accelerated move towards 15500 and potentially 16000 the upper trendline of the channel.
🚨The 13000 level now acts as a crucial support. Any dip below this zone could indicate a break from the uptrend channel making this a significant level for managing downside risk. Given the combination of trendline support 50 EMA strength and RSI nearing oversold levels Dixon Technologies appears set for a bounce. Traders should watch for a surge in volume to confirm renewed buying interest around the support zone.
Visual Guide to Logical UnderstandingI have made an efforts in Explaining why the price may take corrective course
in coming days
The Method i have used is Wave theory , it represents one of the Bull Run pattern is ending
and may cause price correction which usually comes after a strong bull run
This is education content
if you have Questions please feel free to ask
Thanks
Dixon breakout upsideAB=CD pattern, Another 1000 points rally expected in this stock. This is for educational purposes only.
DIXON BearishOn daily time frame we see a RSI Divergence happening third time which gives a confluence of going short as Price and its strength is getting weakened. Just a View not a Reco...
Dixon: A Potential Bearish Reversal?Dixon: A Potential Bearish Reversal?
While many are optimistic about Dixon's, a closer look at the daily chart suggests a potential bearish reversal. A bearish pattern is currently forming, indicating a potential downward trend.
Key Levels:
Stop Loss : 14400
Target Levels: 12600,11600
Risk-Reward Ratio: Favorable
Closing Below 14000 is important
Watching.
Dixon - Hormonic patternDixon hit our hormonic reversal area, high probability set up, these will be potential hormonic reversal zone of Dixon 14275 & 14430, Rsi also nearly 70+ volume also decrease price will increase so that meaning of Uptrend not supported by volume. Exit Long entry upon further sign of reversal. Education purpose only.
Dixon Technologies: Market Sentiment and Options StrategyMarket Sentiment Overview
As Dixon Technologies approaches its dividend declaration on September 18, 2024, the options data reflects a balance between bullish sentiment and caution:
- Bullish Indicators:
- Call Options Build-Up: Strong buying activity is observed, especially at the 14,000 and 15,000 strike prices.
- Put-Call Ratio (PCR) at 0.98: This indicates a slightly bullish sentiment, as calls outnumber puts.
- High Open Interest in Calls: A total call OI of 23,51,300, focused on the 14,000 and 15,000 strikes, supports upward momentum in the stock.
- Caution Signals:
- Aggressive Put Buying: Put OI of 9,36,500, mainly concentrated at the 13,000 strike price, signals hedging or caution.
- High Intraday PCR of 50.08: This suggests increased put buying activity, indicating traders are hedging against possible downside.
- Volatility Expectations:
- Implied Volatility (IV): Ranging between 37.66% and 41.8%, which points to the potential for significant price swings.
Key Price Levels
- Resistance: 14,000 – 14,500, with 15,000 acting as a strong cap.
- Support: 13,000 – 13,500, serving as a potential floor.
Recommended Options Strategies
1. Bull Call Spread (Moderately Bullish)
- Strategy: Buy 14,000 Call, Sell 15,000 Call.
- Target: Profitable if Dixon rises toward 15,000.
- Suitability: Ideal for traders with a moderately bullish outlook, offering limited risk and reward.
2. Bear Put Spread (Moderately Bearish)
- Strategy: Buy 13,000 Put, Sell 12,500 Put.
- Target: Gains are realized if Dixon drops toward 12,500.
- Suitability: Suitable for traders anticipating a moderate downside, providing defined risk and reward.
3. Protective Put (Hedging Strategy)
- Strategy: Buy 13,000 or 13,500 Put to hedge against downside risk.
- Purpose: Allows long-term investors to maintain their position while protecting against adverse price movements.
- Suitability: Best for long-term investors looking to manage risk during heightened volatility.
Conclusion
Dixon Technologies’ options data leans towards a bullish bias, with rising call OI at 14,000 and 15,000. However, the increased put activity at 13,000 indicates some hedging and caution. Short-term traders can capitalize on a bull call spread for upside potential or a bear put spread for downside protection. For long-term investors, a protective put is recommended to mitigate risks as volatility rises ahead of the dividend announcement.
Disclaimer
The information provided in this analysis is for educational and informational purposes only and should not be construed as financial or investment advice. Options trading involves substantial risk and is not suitable for all investors. Past performance does not guarantee future results. It is important to conduct your own research and consult a licensed financial advisor before making any investment decisions. The strategies discussed are based on current market conditions, which are subject to change. We do not guarantee the accuracy or completeness of the information presented, and we are not liable for any losses incurred from its use.
Dixon Techno hourly bullishLooking at the hourly chart for Dixon Techno (India) Ltd, the stock is displaying a strong upward momentum, as it has broken out of a consolidation zone and is approaching resistance near 13,500 levels
Dixon Technologies (India) Ltd. Chart Analysis
Dixon Technologies (India) Ltd. Chart Analysis
It's shows important price movement and trend analysis. Here's a breakdown of key technical elements:
Key Observations:
Price Movement:
The stock has seen significant volatility, with a recent 6% drop (-810.20 points) in the past trading sessions.
Earlier, it saw a sharp recovery after a large drop of ~15% (-1,887.20 points), indicating a potentially strong support level around ₹10,400-₹10,500.
There's another smaller 6% correction, hinting at short-term weakness but potentially signaling a consolidation.
Potential Targets:
After the consolidation, the next upside potential is estimated at ₹13,500-₹14,000.
If it breaks above this level, the target could extend towards ₹14,200-₹14,500, representing a 14.27% rise from the current level.
Downside risk exists, with support levels around ₹11,500-₹12,000, which should be monitored.
Volume and CVD (Cumulative Volume Delta):
The CVD at the bottom suggests some selling pressure with higher red bars, indicating sellers are currently in control.
A recovery in this volume indicator could indicate buyer interest returning to the stock.
Fundamental Overview:
Dixon Technologies is a leading electronics manufacturing services (EMS) company, primarily catering to consumer electronics and lighting products.
Financial Strength:
The company has consistently reported growth in revenue and profits, supported by the booming electronics demand in India.
It has a strong return on equity (ROE) and low debt, making it fundamentally sound for long-term investment.
This stock could see strong movement based on how it handles the current consolidation zone, with potential for both upside and downside depending on market sentiment.
Dixon techDixon tech is a rising stock, but for small time frame it takes rest,halt and again move upwords so entry is around at 11990 with stoploss 11780 and target 13k plus and plus. so wait watch n enter
DIXON – Bullish Setup with Double Bottom FormationPrice Action Overview:
DIXON TECHNO (INDIA) LTD has recently demonstrated a strong bullish setup with a Double Bottom Pattern on the daily chart. This is a classic reversal pattern, signaling a potential trend change from bearish to bullish.
Here's a closer look:
Prior Uptrend: The stock experienced a significant upward trend before undergoing a correction phase.
Double Bottom Pattern: A classic double bottom pattern has formed, often indicating a bullish reversal after a downtrend.
Trendline Support: The stock respected the trendline support during the correction, reinforcing the bullish sentiment.
Breakout Confirmation: Recently, a breakout above the neckline of the double bottom pattern occurred, backed by strong volume, suggesting further potential upside.
Key Technical Insights:
Following the correction, the formation of the double bottom pattern signifies a potential end to the downtrend.
The breakout above the neckline, accompanied by a notable increase in volume, adds strength to the bullish outlook.
Key Support Level: As long as the price remains above the 12,900 level, the overall sentiment is likely to stay positive.
NSE:DIXON
This setup provides a strong opportunity for traders eyeing potential bullish moves, but always remember to manage risks effectively and adhere to your trading strategy.
DIXON 5x Possibility in next 5 yearsDIXON 5x Possibility in next 5 years
based on Monthly Breakout from current levels of 6000 ... Targets possible 40000+ in next 5-6 Years.
Happy investing.
DIXON Hourly Charts Suggest 20% upside in next 2-3 months DIXON Hourly Charts Suggest 20% upside in next 2-3 months
Hourly Pattern is Bullish based on channeling. Very good stock for long term Investment.
Happy Investing.
DIXON on move after consolidation - 2x 1.5 Year TargetsDIXON on move after consolidation - 2x 1.5 Year Targets
New highs...new tgtsDixon CMP 13300
As the stock moves into a new terrain ...here are the probable tgts.
DIXON 10 Years Target 2.5 Lakh possible based on monthly ChartsDIXON 10 Years Target 2.5 Lakh possible based on monthly Charts.
LTP – 11670 can be accumulated around 11400-12000 price range.
Targets - 2.5 Lakhs + {20x Return in 10 Year} ... Another Multibagger who can Compete with MRF.
Time frame - 9-10 Years
No SL its Long-Term Investment hold.
Fundamentally company Profits are growing almost double in every 2-3 Years ... Excellent Business & future technology company.
Almost Debt free company with Clientele - Motorola, Xiaomi, Samsung, Airtel, Reliance Jio, Acer, Lenovo, etc.
dixon- base- breakout in shorter timeframedixon looks good low risk entry for a good reward on the upside.
DIXON TECHNOLOGY channel break for next big moveNSE:DIXON seems ready for next big move as on weekly scale it has completed it's wedge pattern and already breakout happened for 40% now second entry comes now as it has now given breakout from channel (better visible on daily time frame).
Next, at least 40%, move is quite clear.
Note: Government ban over import of related goods could possible accelerate it.
Disclaimer: My ideas are not for recommendation purpose. Just sharing ideas with community.
