DIXON trade ideas
Dixon Chart Analysis for Swing Trading 31.01.2024Currently Dixon is trading at 5862.
We can sell below 5850 for the targets of 5724, 5425 and 4985
One can buy Options PE side if can.
Consult your financial advisor before taking any trades.
Follow me. Boost the Post and Comment.
Thanks.
DIXONDIXON looking good. Wait for ABOVE level weekly time.
buy after above weekly candle close.
please wait for weekly candle close.
NOTE- Only for Education Purpose.
Please Give A Like If You Like
FOLLOW FOR MORE
SELL DIXON FOR 1:3 RRDixon Technologies look weak on daily chart and taking short position around 6100 - 6000 levels can be a good trade from risk reward standpoint. Expect Dixon slide till 5400 and then 5200 levels until 6400 is intact on the upside.
Please like the idea If you agree with the analysis, your like will motivate us to share more ideas on Tradingview.
Happy Trading!
InvestPro India
@ Dexon technology # Dexon technology small range break in chart time spend break out fast move stocks
Dixon 1Hr Time Frame Im expecting a bearish breakdown in #dixon in the 1 hr Time frame
You can take a short position at the current level (CMP 6460) with a stop loss at 6500 and a target of 6220.
The trade is based on the sideway pattern symmetric triangle.. as it is trading in a close range for many days it is expected the breakdown.
Happy Trading.
Follow for more such amazing trade ideas.
Education purpose Price action analysis - DixTDixon Tech is giving the BO on Weekly chart..
ATH
ADX positive
DMI+ in right direction
RSI also is buying territory
In this situation stock can be entered with the previous candle Stop
SLT - 5875
Entry 6400
Trail the SLT..
BREAKOUT DIXON TECHNOLOGYBuy Dixon Technology At Cmp - 4859
Add More If Price Fall To 4370-4400
SL - 3950 ( Weekly Closing Basis )
Target - 6800
INVERTED H&S PATTERN IN DIXONDixon Technology on the showing off inverted H&S pattern and trying to retest the break out level.
This can be bought at the current level with a short term SL of 4600 amd medium term SL of 3900.
Target-1 : 5550
Target -2 : 6200
Target -3 : 6700.
There is no need of SL for long term investors.
Kindly note that I am not a SEBI registered analyst. Perform your own analysis before taking any trade on the basis of my analysis.
Dixon Simple Analysis BullishNSE:DIXON has just broken an important Resistance. The expectation is it will make All Time High.
A Target of 6500 to 7000 can be expected in the long term. This will be approx. 50% Return on Investment.
Hold and Buy on every dip. #investment
Bull Flag Pattern Breakout and Retest seen in Dixon TechnologiesHello Traders, i have brought another analysis on a pattern breakout which called (Bull Flag Pattern). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this type of Bull flag pattern next time, So at least you guy's will be able to trade. So Let's start.
Q:- What is Flag Pattern and How to Use this Flag Patterns when you see Breakouts in it?
Rahul Replies: - A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. The bull flag chart pattern looks like a downward sloping channel/rectangle denoted by two parallel trendlines against the preceding trend. During this period of consolidation, volume should dry up through its formation and resolve to push higher on the breakout. The actual price formation of the bull flag resembles that of a flag on a pole hence its namesake.
These three elements are integral for the bullish flag to occur:-
The flagpole:- The asset’s price must trade higher in a series of the higher highs and higher lows.
Flag:- A consolidation must take place between two parallel trend lines;
A breakout:- The consolidation can’t take forever. A breakout to the upside activates the pattern, while a break of the supporting line invalidates the formation.
Guy's now i will tell how to use this Bull Flag Pattern if you see breakouts in it?
Buy when prices breakout above the consolidation pattern on high volume.
Place stop loss order below bottom of consolidation pattern or if you have short term view on particular stock which has given successfully breakout then you place below of breakout candle and ride the trade.
Guy's according to the study we have two types of Profits targets 1st one is, if you have short term view then you should go at least length of flag pattern and 2nd one is if you have long term view kind of investment purpose then you should go length of Flag Pole.
The main thing to look for in this pattern is volume. Volume confirms major moves and the likely hood that a breakout will be successful. In Dixon Technologies we have seen huge volume, which says this is a genuine breakout.
So guy's this was the process of Bull Flag Pattern. So if you spot this bull flag pattern in any stock or index you can go longer according to the setup i have told you. In our chart we have got double breakout, 1st breakout of flag pattern and 2nd we have seen for resistance zone which i have marked on chart.
I hope you guy's have understand now, how to trade bull flag pattern after breakout.
So now let's focus about company background.
Dixon Technologies (India) Limited is the largest* home grown design-focused and solutions company engaged in manufacturing products in the consumer durables, lighting and mobile phones/smart phones markets in India.
Market Cap
₹ 28,218 Cr.
Current Price
₹ 4,738
High / Low
₹ 4,968 / 2,553
Stock P/E
102
Book Value
₹ 216
Dividend Yield
0.04 %
ROCE
25.8 %
ROE
22.4 %
Face Value
₹ 2.00
Debt
₹ 200 Cr.
EPS
₹ 46.8
PEG Ratio
3.08
Promoter holding
34.0 %
Intrinsic Value
₹ 1,549
Pledged percentage
1.13 %
EVEBITDA
50.6
PROS
Company has reduced debt.
Company has delivered good profit growth of 33.2% CAGR over last 5 years
Company's median sales growth is 15.7% of last 10 years
CONS
Stock is trading at 22.0 times its book value
Important levels for DIXON TECHNOLOGIES:-
Buy in between 4750-4679 Range.
Targets we can see 5697/6493+ (Long term Targets will be 9704+)
Keep Stop loss at 4023 (Long term Stop loss will be 2450)
Price is above 200 EMA
We have seen Proper Breakout of Bull Flag Pattern in weekly timeframe.
with Good Volume
Price is sustaining above breakout and above resistance levels and it has given pull back to retest the levels
MACD and RSI has given bullish crossover (I have not placed RSI here as i want chart neat and clean but i have analysed already)
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.
DIXON review - from 4865 to 6400 giving 30% gains till nowreviewing NSE:DIXON chart posted on 9th Aug 2023 when the price was 4865
it made high of 6400 and now trading at 6372
giving superb 30% gains till now
more gains to come in coming months
this analysis is for knowledge sharing and educational purpose .
this post is not a buy or sell recommendation.
link of 9th Aug 2023 post given below
Long DIXON TECHNOLOGY Long Dixon at CMP 6372.
Stoploss 6000.
Long Feb series-2024 futures long and buy 6800 Dec-2023 and ride trend till it closes recent market structure.
DIXON -- Raise & Watch DIXON is on a strong Uptrend for some time.
However - we see around 6250 - Double top formation.
Today with 5% raise to the upside - testing this level.
If the move is not sustained, we can see some correction at this level.
Watchout 6250 PE or 6300 PE levels.
Add to watchlist ....
high risk taker long term upmovehigh risk taker can
look for long term
above resistance..
or on retrace near support.
decide on ur own
high risky.
$NSE:DIXON Only SIP when the herd is fearful for WealthNSE:DIXON Only SIP when the herd is fearful for Wealth generation.
Do your own research before investing or trading in any stock or indices or crypto.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
Make some Collection from DIXON.Not a very clean IHnS but can still give it a go as the price action indicates the exhaustion of supply.
Strong Weekly BreakoutThe stock recently experienced a robust breakout on the weekly chart, with a history of multiple consolidations at the current breakout level. Despite a failed attempt to break resistance in October 2021, last week marked a significant breakthrough. The stock consolidated sufficiently and broke the resistance with a strong bullish candle.
The volumes leading up to the breakout were notable, indicating substantial accumulation before the breakout. This suggests a heightened level of interest and buying activity. Traders and investors often view such well-supported breakouts, especially after a series of consolidations, as compelling indicators of potential sustained upward momentum in the stock.
Dixon waiting for breakoutDIXON trying to Break the 2 years high (ATH)
effective move may happen above that level
concentrate for short term if price sustain above 6277 in daily
Channel Breakout - DIXONPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
DIXON TECHNOLOGIESWe can buy Dixon technologies around 4700 as per Elliot wave analysis this is the best palace. after ABC - correction wave a new fresh Elliot wave analysis we are seeing. So we can buy this particular script around 4600 which is the best place.
