DIXON TECHNO (INDIA) LTD
Short

Dixon's Bearish Breakdown – All Targets Smashed!

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DIXON Stock Technical Analysis:

In the 15-minute timeframe, Dixon saw a short trade entry at ₹15,199.60, with prices moving decisively lower, hitting all the predefined targets.

Key Levels:
  • Entry: ₹15,199.60
  • Stop Loss (SL): ₹15,349.80
  • Target 1 (TP1): ₹15,013.95
  • Target 2 (TP2): ₹14,713.50
  • Target 3 (TP3): ₹14,413.10
  • Target 4 (TP4): ₹14,227.45


Observations:
  1. The price plunged after a clear rejection below the Risological dotted trendline, confirming the downtrend.
  2. Dixon met all short targets as it continued its bearish trajectory.


This short trade capitalized on a strong breakdown, with all targets being successfully hit. Traders should remain cautious as the bearish momentum might be slowing down, offering potential reversal signals ahead.

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