Dixon Technologies has been in a strong uptrend from May 2023. After a good consolidation and a pullback stock has broken it's previous Resistance and a strong trendline from December 2023. A swing trade around 8000 can give a decent return of 8-10% with a stoploss around 7250. Stock has also been following 50 day SMA closely.
Feel free to suggest new ideas and...
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DIXON Looking good for Downside..
When it break level 8093 and sustain.. it will go Downside...
SELL @8093
Target
1st 8019
2ND 7961
DIXON MAY FUT – LOT 6 (Qty-600)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
Date : 09-03-2024
NSE:DIXON
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Buy Dixon above 7280
Target of 8478-9798-11190
SL 6000
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Background:
With a massive ~8x post covid rally, Stock gave highest closing of 5753 and entered a long consolidation beginning Oct'21.
Strong Breakout (With reasoning):
With 2 years of consolidation and making a rounding bottom, the stock finally broke out and closed at 5951 on 1 Dec 23 along with good volume buildup. Post breakout, it consolidated again...
Dixon Technology
CMP: 6744
Target: 12782
Potential Uptrend: 124%
Dixon is the one of the largest LED TV manufacturers in India and it services more than 35% of India’s requirement. It is the largest ODM player in lighting & has the largest capacity in various SKU’s.
Currently Dixon is trading at 5862.
We can sell below 5850 for the targets of 5724, 5425 and 4985
One can buy Options PE side if can.
Consult your financial advisor before taking any trades.
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DIXON looking good. Wait for ABOVE level weekly time.
buy after above weekly candle close.
please wait for weekly candle close.
NOTE- Only for Education Purpose.
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Dixon Technologies look weak on daily chart and taking short position around 6100 - 6000 levels can be a good trade from risk reward standpoint. Expect Dixon slide till 5400 and then 5200 levels until 6400 is intact on the upside.
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DIXON 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.
Im expecting a bearish breakdown in #dixon in the 1 hr Time frame
You can take a short position at the current level (CMP 6460) with a stop loss at 6500 and a target of 6220.
The trade is based on the sideway pattern symmetric triangle.. as it is trading in a close range for many days it is expected the breakdown.
Happy Trading.
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Dixon Tech is giving the BO on Weekly chart..
ATH
ADX positive
DMI+ in right direction
RSI also is buying territory
In this situation stock can be entered with the previous candle Stop
SLT - 5875
Entry 6400
Trail the SLT..
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.
