Dixon (nse)Descending Triangle formation in Dixon accompanied with continuous insider selling. Be cautious Sell on rise.
DIXON trade ideas
DIXON - Bearish & Bullish Gartley - 4H TFBullish Gartley pattern on 4H Chart of DIXON TECHNOLOGIES. BUY 2126-2127, SL 2093.9, Target(s) - 2163, 2170.
Bearish Gartley pattern on 4H Chart of DIXON TECHNOLOGIES. SELL 2419-2421, SL 2467.1, Target(s) - 2373, 2365.
dixon start covrage of Dixon Technologies (India) Limited
Buy rating at 2265 with short term trg 3000 long term trg 5000
fundmental._-business is providing one-stop-shop solutions to companies in the consumer durables, lighting, mobile phones industry in India. We offer integrated design and manufacturing solutions for local and internationally recognised consumer durables, home appliances, lighting and mobile phones brands.
EPS 54.59
PE 42
P/B 8.5
WORST IS OVER FOR DIXONvolume show some strength. May be bottom is formed. But Buying above 2100 is more comfortable.
Swing Buy -when stock bounce from EMA 18 or 50 or 100 or 150when Stocks in good uptrend with this condition EMA 18 > EMA 50 > EMA 100 > EMA 150, when ever stock take some correction and bounce off any of this EMA we take entry to go with the trend
stock at break even levelas per my fundamental know there is main three good event done
1)the ipo raised fund use to full-fill debth.now company virtualy debth free
2)company started dispartch of TV product on flipkart online platform which boost the company sales in coming quater.
3)the promoter of company give stay outlook on company growth potential will continue and there is alos adding a new mobile company customer.
4)Biggest booster for company business decision taken by the a goverment...goverment hike the import duty on LED bulb,television & mobile..as my reserch company 89% of business come from this all segment's.
...THERE IS MANY THING COMING ON HOLD STOCK THAT WILL BE MULTIBEGGER...
Don't Break your Head to Decide if Market is Bullish Or BearishLet the Market Decide it for you.
Follow simple rule.
