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 trade ideas
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.
DIXON is 15% up from buying PriceOn May 23 ,2021 i shared to accumulate DIXON between
#DIXON is coming in buying range. Buy Price : Rs : 4030 to 4045
DIXON FOR LONGDATE: 17/06/2021.
DIXON FORMS A VERY GOOD ASCENDING TRIANGULAR PATTERN.
AND TODAY IT ALSO FORMS A CLEAR BULLISH ENGULFING CANDLESTICK PATTERN.
FUNDAMENTALLY ALSO IT'S A FANTASTICK STOCK FOR LONG TERM INVESTMENT AND NOW IT HAS A GOOD BUYING OPPORTUNITY.
ALWAYS ADD IN DIPS....:)
DIXON TECH - stocks forming ascending triangle pattern
-Stock break and sustain above 4480 Next level to 4750/4925/5140 levels .
-Support is near 4260 level on chart.
Dixon at breakout Level, Morning Star and Bullish Engulfing Dixon at breakout Level, Morning Star and Bullish Engulfing confirmation
Buy above 4480 for more target
Dixon Tech - Ascending triangle patternCheck the chart for Trade confirmations and target.
Happy trading/investing
Dixon TechnologiesDixon technologies trading within its All Time High range.
Relative strength line above zero, means Dixon outperforming it's benchmark index.(Nifty 50)
Wait for the breakout with good volume and wide range candle.
Dixon Technologies: Ready for BreakoutThe script is forming two patterns, multiple top and ascending triangle, at a time, breakout level being the same for the patterns.
Increasing volume is also indicating to go long once price breaks out the given level.
Besides, Dixon is also a leader in the market in the fields of ODM and OEM and is expected to grow faster with the China+1 strategy and Make in India/Atmanirbhar Bharat policy.
Technically, Targets: 5500/6000 and SL:4100
#TradeTheTrend#ThemeBased#TechnicalPick
DIXON: 92 days VCP Breakout
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
