DIXON trade ideas
Dixon Ready For Fresh BreakoutDixon Ready For Fresh Breakout If Sustain Above ~ 20000 Level.
Positional Buy ~ 20150, Stop ~ 18905, Target ~ 25000
Swing trade: watch for resistance breakoutbuy dixon above 16800
TARGET- 17600, 18800, 20100, 22180
keep Sl below 15450
DIXON - Trendline ObservationsTrendline Observation(s). A simple trendline brekdown on 3H Chart of DIXON. SELL strictly below 13400 only. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
A Perfect example of "Bearish Engulfing" (Dixon)Dixon has seen a massive uptrend and also in the upper band of RSi (80) and also formed bearish engulfing, so in short term, we can see a good correction.
What is bearish engulfing?
- A is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle.
This analysis is done only for educational & intelligence purposes, invest or trade at your own risk.
BullishIt has given tremendous return from the March '20 low and is destined to cross five figure sooner or later. On strong support and 8650 which may be seen in a couple of days, could be a good entry point for future.
A return to trend line expected Can be a good pick when a bullish reversal occurs after the test of the trendline.
DIXONDISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
Dixon Technologies - Ascending Triangle PatternSimple yet Powerful analysis.
Points to consider
RSI coming out of 60
Volume squeezing
Ascending Triangle formation
too many distribution days, high chance of interim correctiontoo many distribution days, high chance of interim correction
Dixon TechnologieEmkay Global has buy rating on this stock with a target of 8663.
Trendlines show that recommendation is a risky proposition. People looking to buy should wait till trend line.
Dixon Trend ChannelPrice has closed above SD 3 Line and also achieved 1.382 target. Confluence of 5962 retracement level with regression line. Let us watch the stock.
DIXON TECHNOLOGIESDIXON has run up from 2990 to 6666 i.e. 123% in merely 4 months.
So there is no denial in the power this stock has to run further. Targets and time frame cannot be predetermined so the best thing to do in such a situation is buy in SIP and always ride the stock with a trailing Stop Loss.
I see a buying opportunity between 6150 and 6300. However if the price breaks the channel on the downside then be cautious to see if it takes support near the next support dotted line.
The RSI is also presently in the overbought zone.
