DIXON trade ideas
Wait for correct levels to add Dixon TechnologyDixon technology is going towards a good support zone of 1680-1820 levels,
it will have an upward resistance zone of 2760-3160
so wait for correct levels to accumulate
DIXON TECHTIME FRAME:1 HOUR
I will wait for opening tomorrow If I see market will retest on the support on the chart will Enter for a SL of 20-30 points as per my setup. It will also be better to enter using smaller time frame on support if any pattern or Japanese bullish candlestick is represented. The more you buy on support the better it is to place SL as this game is all about probability so let us play it well.
DIXON LOOKS GOODDixon Technology looks good after breaking a falling resistance trendline on daily chart and gives a close above so we can consider it is breakout of triangle resistance trendline and after a breakout of falling resistance trendline we can go long in it for the target of 3134, 3364 and 3476 taking stop loss of 2980 below a daily candle close.
NOTE- Only for Education Purpose.
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DIXON RETARCEMENT TRADEAfter a sharp fall this stock is showing strength from recent bottom and after a break of resistance it is looking that someone can take as a reversal or retracement in it for the target of 2860 and 3166 that 3166 is the high of the gap down from where it started falling actually so we can say that the bullishness again will come after when it will breach that candle too.
Clear breakout . Good for entry 1. Clear ichimoku breakout on daily time frame.
2. Channel breakout.
3. Stock potential to reach 3360; 3500+ in coming sessions.
4. Bullish view for June month. Good time to enter in this.
Please do your analysis or consult your financial advisor before entering into trades
#Dixontech cash : Strong Volume breakout ..#DixonTech -Positional call
22.05.2023
Strong Breakout above 3275 Close
Target 3440/3640/3900
Cmp 3231.55
DIXON : Expecting to reach at 2000Dixon is forming correction for a potential movement to the downside, expecting to reach at 2000
Rising wedge pattern reversal in DIXON TECHONOLOGIESDIXON TECHONOLOGIES
Key highlights: 💡
✅On 1 Day Time Frame Stock Showing Reversal of Rising wedge Pattern .
✅It can give movement upto the Reversal target of above 3125+(Up to resistance level).
✅Can Go Long in this stock by placing a stop loss below 2770-.
Dixon longCan be bought @ current level with SL of 2775 with targets of 3012 and 3100 .Expecting triangle breakout.
DIXON - INTRADAY STOCK - 17/04/2023Dixon looking good above 3020 for Intraday.
For Educational purpose only
DIXTON TECHNOLOGIES TARGET 3514DIXON TECHNOLOGIES double bottom weekly breakout is possible. The weekly and daily charts are bullish. If opens above 2982 and sustain above 3055 in the day it will reach the target 3514
#DIXON ANALYSIS A fine stock is trading at lower levels since long time, follow chart for proper support and resistance levels.
Trendline Breakdown in Dixon Technologies...Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
DIXON LOOKS GOOD IN DEMAND ZONEDixon Technologies looking a good buy in the demand zone @ 2770 - 2570 and expected to show a bounce towards marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Really can take Dixon for long entry?Long Dixon at the bullish movement. Both entry points have been shown. Trade as per risk to reward.
Scenario 1 - Can take an aggressive entry if a good setup is seen in the lower time frame? Pros- Can catch the bullish move at Breakout? Cons- Can BO be failed?
Scenario 2. Can take a pull-back entry if a good setup is seen above the support area? Pros- Can be a nice entry point with good to-risk reward? Cons- Can the price never reach the support area?
Please read carefully the above points & make your strategy accordingly. These types of plans are essential to catch a good move. The pro trader has kept all types of strategies as per the market conditions.
This is for your educational purpose only.
DIXONIn the Weekly chart of DIXON,
We can see that, it is formed a Spinning Bottom Candle and taking Halt at good FIBONACCI level.
Lets See whether it makes or breaks !
Dixon Tech Cup & Handle IdentifiedDixon Technologies, Cmp 4600
Buy Above 4690 Day Closing
SL - 4110
Target - 6125
Breakdown in Dixon Technologies...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Dixon Bearish Breakdown, Avoid fresh longsDixon Bearish Breakdown, Avoid fresh longs
Shared Dixon bearish view around 4270... Almost fell 40%...
Support levels - 2400-2100-1850
Resistance - 3200
Trend reversal - above 3900 closing only
