Dixon LongDixon Long
Breakout after 45 days consolidation
Buy at CMP- 4411
SL- 4230
Target- 4720, 4830
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DIXON trade ideas
DIXON BREAKOUT RETEST CONTINUATONcontinuation after breakout retest in dixon technology. targets and stoploss is on the chart
bullish reversal pattern in dixonDixon technologies showing a double bottom(W) pattern i.e bullish reversal pattern
DIXON TECH LONG!Reasons for buying:
-RSI above 60
-MACD crossover
-Huge Buying Volumes in the past 5 trading sessions
dixon weekly bullishdixon is near trendline, looks bullish , and october is the month for dixon, SL if a weekly candle close below the trendlilne
#Dixon technolody cash : Looks good above 4460.10#Dixon cash-Positional call
23.09.2021
Looks good above 4460.10
or around 4350-4360
Stoploss 4280
Target 4680/5000
Cmp 4396
Dixon Technologies Bearish Elliot Wave CountDixon Technologies has completed the five wave impulsive structure and is currently in the wave C down, targets for which is 3260 where C is 1.618 times of A.
Simple Trade Setup | DIXON | 08-09-2021NSE:DIXON
Observations:
1)On daily time frame, previously it has taken good support from 21DMA and now today,07-09-2021, it just closed below 50DMA with good bullish candle.
Please refer below chart : Daily time frame.
Today volume also increased compare to yesterday and it was above "21Volume Moving Averange (21VMA)".
Please refer below image.
2) Also on 1hr time frame it made rounding bottom pattern along with double bottom.
Please refer below chart : 1hr time frame.
3) On Daily time frame it has made V bottom pattern. And in last 4 days it breakout the neck line of it and it tested today from 4200 level and gave good upmove.
Now next neckline/resitance to watch is 4350. Any sustainable breakout of 4350 level will give good upmove.
Please refer below chart : daily frame.
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Trade Setup for Date 08-09-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Dixon technology looking for old glory again forming Cup-n-handDixon technology looking for old glory again , Forming Cup-n-handle pattern. one can accumulate , good volume visible
Bouncing from support || DIXONDixon was in a downtrend for few weeks and now it has bounced from support. Can be bought for a target of 4300-4400. CMP-3900. SL is not required as this stock is in BOED(Buy on every dip) category because of its fundamentals. One more such stock in the BOED category is Affle.
1st Target achieved in a week ! 10% gain!!The stock was given at 3900 and today it hit the 1st target of 4300 in a week. The next targets will be 4400 and 4500. HIT the like button if you liked my analysis and Do follow for more swing trading ideas. For reference, I am attaching the idea suggested below.
DIXON TRYING TO BREAKOUT Market Cap
₹ 23,732 Cr.
Current Price
₹ 4,046
High / Low
₹ 4,735 / 1,553
Stock P/E
135
Book Value
₹ 126
Dividend Yield
0.02 %
ROCE
32.2 %
ROE
25.0 %
Face Value
₹ 2.00Market Cap
₹ 23,732 Cr.
Current Price
₹ 4,046
High / Low
₹ 4,735 / 1,553
Stock P/E
135
Book Value
₹ 126
Dividend Yield
0.02 %
ROCE
32.2 %
ROE
25.0 %
Face Value
₹ 2.00
dixondear traders, the dixon weekly trend is bullish. Kindly use the chart and if break the previous day high go for buy.
Long Term - DixonMedium Term :
Buying Range1 - 200 DMA High
Buying Range2 - 200 DMA Low
Buying Range3 - Trend line from 2020
Long Term :
Buying Range4 - Trend line from 2019
Dixon Technologies Ltd.Bullish Flag pattern in Dixon Technologies Ltd. Good time to take long position for short term.
DIXON ANALYSISDixon is bouncing from support with good volume and momentum
I will consider this stock to buy tomorrow if sustain at upper level bounce I will buy the stock.
please check to the chart for more information.
