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 trade ideas
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.
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