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Dixon Technologies (India) Ltd.Dixon Technologies (India) Ltd.Dixon Technologies (India) Ltd.

Dixon Technologies (India) Ltd.

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DIXON trade ideas

Strong Weekly BreakoutThe stock recently experienced a robust breakout on the weekly chart, with a history of multiple consolidations at the current breakout level. Despite a failed attempt to break resistance in October 2021, last week marked a significant breakthrough. The stock consolidated sufficiently and broke the resistance with a strong bullish candle. The volumes leading up to the breakout were notable, indicating substantial accumulation before the breakout. This suggests a heightened level of interest and buying activity. Traders and investors often view such well-supported breakouts, especially after a series of consolidations, as compelling indicators of potential sustained upward momentum in the stock.
NSE:DIXONLong
by nsdtrading
C'Mon DIXON C'Mon !- 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 average revenue growth YoY for the quarter was 12.51%. - Quarterly Net profit rose 50.59% YoY to Rs 68.82 Crores. Its sector's average net profit growth YoY for the quarter was 26.16%. - Mutual Fund Holding increased by 1.75% in the last quarter to 13.74. - PE Ratio is high though at 113 - Company has reduced debt. - Company has delivered good profit growth of 33.3% CAGR over last 5 years - Company's median sales growth is 15.7% of last 10 years
NSE:DIXONLong
by CannySunny
Dixon it's time for HULK BUSTER Move 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 in this share is just to keep retailers away from making profits. Strategy - Dixon CE 5200 trading at 160 is a strong buy on these levels . View - As the stock is big in value the premium eating game will not work on this . Target - Just expand the chart to lifetime highs and sit tight. Risk - Options are very high in Risk . Disclaimer - Registered with SEBI .
NSE:DIXONLong
by brainvehicle
Decode Dixon Technologies: The Breakout Opportunity📊 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 bullish reversal. 🚀 Key Breakout in Dixon Technologies 🚀 Dixon Technologies is showing an exciting breakout in the daily time frame. When we analyse the weekly chart, we can identify a pattern resembling an inverse head and shoulders. However, it's important to note that this pattern exhibits characteristics of a head and shoulders pattern due to the notably smaller right shoulder compared to the left. 📊 Volume Confirmation The confirmation of a breakout is often supported by volume analysis. In both the daily and weekly charts, we observe strong bullish volume, indicating heightened buying interest. On the daily chart, the Wave Volume Divergence indicator reveals a significant accumulation of bull volume, strengthening the validity of the breakout signal. 📈 Price Levels and Entry Strategy Currently, Dixon Technologies is trading around 4840, while the previous resistance was at 4819. To plan a trade, we must wait for the breakout to sustain above the 4820 level. It's wise to allow time for confirmation, as multiple rejections have occurred at this level in the past. We can consider initiating a buy position if the breakout maintains its strength before the market closes, ideally within the last 5 minutes of trading. 📊 Resistance and Upside Potential The next resistance zone to watch is near the 5275 level. If the breakout proves its strength, Dixon Technologies could experience further upward movement. This resistance zone marks a critical level where price has often encountered resistance, so careful monitoring is essential. 📚 Educational and Precautionary Note Remember that this analysis is for educational purposes only and does not constitute financial advice. Always do your research and consider consulting a registered analyst before making trading decisions. 👍 Engage and Share If you find this analysis helpful, give it a thumbs up! Share your observations in the comments section. Your feedback is invaluable in shaping future analyses. Thank You for Your Support Your likes, follows, and comments inspire me to continue providing valuable insights. Let's keep growing and learning together. Connect for More For more trade setups and analysis, follow me on TradingView: in.tradingview.com 🌟 "Embrace uncertainty and let knowledge be your guide in the ever-changing world of trading." 🌟
NSE:DIXONLong
by AfnanTAjuddin
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