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DIXON TECHNOLOGIES (INDIA) LIMDIXON TECHNOLOGIES (INDIA) LIMDIXON TECHNOLOGIES (INDIA) LIM

DIXON TECHNOLOGIES (INDIA) LIM

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DIXON trade ideas

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.
NSE:DIXONLong
by rajsharmatt
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.
NSE:DIXONLong
by JITU_210
3
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.
NSE:DIXONLong
by sharmagkp
2 year rounding bottom breakout + retest in Dixon Tech.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 making a high of 6670 (sign of a healthy breakout). Now, with breakout of this range, dixon is ready for a massive rally of ~56% being the gap between the low of round bottom and resistance. Entry, Stop Loss and Target (With rationale): 1) With the stop loss at 6300 (low of Breakout candle), first target comes at 7600 (Being 2:1 risk reward) 2) 2nd Target at 8500 (1.6 level of fibonacci) 3) 3rd one, 9300 final target.
NSE:DIXONLong
by CA_AB_77
3