DIXON trade ideas
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.
distribution days piling up, short term correction likelydistribution days piling up, short term correction likely
Dixon Technologies Medium Term View#dixon in unchartered territory,
the immediate target is 7638, the entry point is 4th wave around 6666-6750, for a target of 8000 in the medium term.
SL 6250.
Last Mile RunDixon looks set on last mile run for 6950-7050. 6235 is the SL to go long. I expect a big correction from 7000-7100 zone.
Wedge formation in Dixon TechIt is forming a wedge structure and Dixon technology is not able to clear it.
Sell it taking the SL as the lower part of the wedge on that day.
Dixon Tech - Fundamentals + inverted H&S completedLevels mentioned on the charts. Target = Breakout point + difference between head low and breakout point
Fundamentally - stock is best suited to gain from the govt's Aatmanirbhar campaign and the current sentiment of decreasing trade with China.
Dixon A mega baggerBreakout on Daily chart, Weekly chart will asure breakout if close above 5000. Lets see how the stock performs.
P.N: Views are for study purpose
Bullish chartThis is the most bullish chart I have seen in the Indian markets post covid dip. This is a portfolio stock.
Long DixonPrice action shows nice breakout from inverted H&S kind of pattern.
Long can be initiated around 4900 with SL as 4600.
Disclaimer- Ideas for educational purpose only, please do your due diligence.
Dixon Technologies - BULLISH SIGNS WITH CUP AND HANDLE!!Dixon Technologies
DIXON is trading at 52 Week High and at the Resistance level.
Technical Indicators are bullish.
****TRADING_EDGE TIME-TREND INDICATOR is also Bullish****
If the prices sustain above Resistance level 4955, a Breakout is expected.
Nearest Support Level is the LOW of SUPPLY ZONE 4565.
KEEP AN EYE !! #B+
#TRADINGEDGE_ACADEMY #SMTA_INSTITUTE
Dixon Tech, Dual Pattern- Cup. & handle, H&S (Weekly)Dixon Tech, Dual Pattern- Cup. & handle, H&S. 25% Upside
Dixon Tech- Dual Pattern Formation on Weekly ChartDixon Tech- Dual Pattern Formation on Weekly Chart. Cup & Handle, H&S. 25% Upside!
