DIXON trade ideas
Price bounce from 50% retracement level in DixonPrice bounce from 50% retracement level in Dixon
Detailed analysis given on the chart
NSE:DIXON
DIXON | Good looking Cup & Handle chart with trendline - 18%DIXON | Good looking Cup & Handle chart with trendline - 18%
CMP : 4427 (Dip : 4340)
SL : 4050
Target : 5200
1:2.5+ risk reward setup
#Dixontech cash : Positional tgt 6200 #DixonTech cash -Positional call
09.Nov.2021
Looks good around 5650
Stoploss 5500
Target 6200
Cmp 5660
Dixon Tech Breakout - Retest -Moving upA successfull breakout , Followed by a retest and again an up move . A high probabilty long trade setup .
May stand Tall tomorrow!May stand Tall tomorrow!
Looked good even in brutal sell off, thus showed its strength. 5350/ 5500/ 5650 are highly achievable targets in quick time.
DIXONNSE: DIXON 5493
-Up Trend Continues After Taking Support
-Price And Volume Both Confirms
-Next Levels To Watch 5570-5850-6250
-Support Levels 5260-5080-4990-4735
-Closing Basis
DixonDisclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
Dixon case studyBullish shark pattern formation on smaller time frame
levels confluence with levels of previous demand zone
#DIXONWhy would you like to lose the points you have earned.
Exit on time with right tools and knowledge than to repent.
Dixon Tech Reay for next up-moveSimple consolidation after bull run.
Now next upmove will begin
Below are the observations that increase probability of breakout
Double Bottom on 3rd touch
3rd touch on weekly trend line
Flag & pole
[ INTRADAY ] DIXON LONG BETrisk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Breakout With Good Volume Long on Dixon Technologies
Short Term Target - 4923
Long Term Target - 5153,5295
Dixon Cup with Handle formation (Long Setup)NSE:DIXON
Aggressive entry above 4011 on Hourly closing basis
Breakout entry of Cup with handle above 4320
Stop Loss at below 3750 on daily closing basis
Short-term target 4400,4800++
Nice formation of Cup with Handle Pattern
Looks Promising as correction came with low volume
One of the Strong Candidate among sector
Disclaimer -
This is our personal view and this analysis is only for educational purposes.
Please consult your advisor before investing or trading.
You are solely responsible for any decisions you take on basis of our research.
Watch Dixon Technologies Watch Dixon Technologies it has given a breakout and retested it
I am expecting a gap up opening
Dixon moving into bullish trendBreakout seen
OI & price changes are bullish
RSI also uptrend
NiftyIT sector also showing positive trend
dixontechnologies breaking out of a consolidationstock is breaking out of a rectangular consolidation of near 5 months from a triangular/flag pattern
bullish momentum and trend on all timeframes. stop loss for swing trades could
be kept at breakout candle low.
Lifetime Resistance Breakout Positional and Investment Pick !!
Excellent Fundamentals and very strong Business
DIXONNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks...
Keep an eye ladies and gentlemen. Cheers and Happy Trading
Dixon - Tested the long term resistance and established a supporGo long. Very lucarative for long term. min 15 % CAGR.
