Dixon Technologies (NSE: DIXON) has been experiencing a notable downtrend after failing to sustain its bullish momentum. The stock recently broke below a key support level, confirming a bearish structure.
Key Observations:
Price Action: The stock has breached the lower boundary of the rising wedge, indicating further downside risk.
Support & Resistance: ...
Welspun Living has given a breakout by exactly hitting the resistance level.
In a single trading session it has engulfed 3 days loss and broken the resistance level which is a good sign for a bullish trend.
CMP - 175
Target 1 - 190
If the Momentum continues
Target 2 - 205
Stop Loss - 166
Trade with caution and do your own analysis
