DIXON Bullish Trend Alert 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 trade ideas
Dixon Technology Breakout on the Daily Chart!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 breakout. Also, it is easy to note that the sellers became weak as the price was approaching the resistance. Will Dixon touch 20,000 levels , once again this year? Let me know by leaving your comments below.
DIXON cyclic patternMy 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 Tech Dixon Technologies, leading electronic goods contract manufacturer, has received approval for IT hardware manufacturing under the govt’s. PLI scheme. A big boost for the Company
DIXON Triangle pattern breakout and sustaining well aboveDIXON 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.
Ascending Triangle formationA really good fundamentally stock has formed an ascending triangle pattern and is ready for a breakout. Can be bought now for a target of 4500. CMP = 4230.
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Dixon Upmove expectedTriangle breakout complete and stock is taking retracement to breakout level.
RSI also taking trendline support
Good upmove expected
DIXON TECHNOLOGIES Dixon technologies looking good for upside. On 2 hour timeframe it has seen breaking out of triangle pattern. Retest done and formed a bullish candle on same timeframe. Looking good for targets 5000+ levels.
Please note I’m not a registered analyst. Please analyse your self before investing.
DIXON TECH 1H Flag Pattern 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.
Triangle formation in Dixon TechnologiesAscending 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.
Break outGo for long with big candle with volume confirmation to get 10-15% return (it's swing trade opportunity)
Dixon Technologies - Daily Chart
- Near ATH, poised for breakout
- VCP Formation
- Tightened towards right
- volume spikes in last few days
- Manage risk, use stop loss and position sizing
VCP Breakout in DixonDixon is breaking out of a Volatility Contraction Pattern formed over the last 50 trading sessions.
