Stock has given 100% to 130% returns in just a span of 9-10 months.
Currently its around the resistance.
So stock should take Resistance around 6100-6300
Its a pure sell on rise opportunity !!
📉 Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Falling Channel
📌 Symbol/Asset: DIXON
🔍 Description: Stock is around the resistance of falling channel. We can see downside hereon.
Good Short Idea.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
Can u see the double retrace and retest ? with increasing slant W in Dixon. This reduces the upward risk on breakout. This you will not get in youtube video. NSE:DIXON
Create a box and see the breakout and breakdown. Take trade in that side with strict SL.
DIXON is been retested
after breakdown and it would be good sign to be short
targets are long so keep an eye it would be a good to book on short targets
- Annual Revenue rose 13.99%, in the last year to Rs 12,197.62 Crores. Its sector's average revenue growth for the last fiscal year was 24.13%.
- Annual Net Profit rose 34.36% in the last year to Rs 255.52 Crores. Its sector's average net profit growth for the last fiscal year was 5.85%.
- Quarterly Revenue rose 14.59% YoY to Rs 3,274.35 Crores. Its sector's...
DIXON is showing a 1 year inverted head and shoulder breakout. It retested level and and is going back up and will face resistance at previous all time highs now. Good volumes and RSI.
NSE:DIXON formed Bearish Engulfing, Bearish marubozu, Rising Wedge, Double Top and -ve RSI Divergence on Daily TF. ITs a high probability trade.
Entry : 4920.30
Target : 4650
SL : 5225
RR : 0.9
Dixon Tech Monthly chart gave breakout of Inverse Head and Shoulder Pattern and is currently going to retest the levels. Good Entry zone of around 4600-4700. Targets of 6700
NSE: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...
Hello Champions,
For September month this is one more pick which is only for Trading purpose.DIXON as we all know how this stock moves on charts.Positive news drived this stocks from its low to 52 week highs but the move is yet to come.It is not able to sustain on high because of shorts
Which are manipulating the stock.
Conclusion - Shorts which we are noticing...
📊 Understanding Breakouts and Patterns
Breakout: A breakout occurs when the price of a stock moves beyond a key support or resistance level, indicating a potential shift in trend.
Inverse Head and Shoulder: A reversal pattern where the price forms three troughs, with the middle trough (head) lower than the other two (shoulders). It signals a potential...
