Dixontech
✅↗️ BIG MOVE EXPECTED FROM THIS✅✅↗️ BIG MOVE EXPECTED FROM THIS✅
- STOCK NAME : DIXON TECH.
- SCRIP : NSE: DIXON
- INDUSTRY : TECHNOLOGY
- LTP : 4427.15
- ✅TECHNICAL ANALYSIS DETAILS✅
1. ASCENDING TRIANGLE FORMATION .✅
2. CAN CONTINUE LONG UPTREND.✅
3. MACD BULLISH CROSSOVER.✅
4. CAN GIVE BIG UPMOVE IF SUSTAINS ABOVE 4460. ✅
5.RSI LEVEL IS ALSO STRONG.✅
6. BREAKOUT WITH DECENT VOLUME. ✅
7. RESPECTING TRENDLINE - UPTREND.✅
NOTE❗ : AFTER BREAKOUT PRICE MAY CONSOLIDATE A BIT AFTER A LONG RALLY & RETEST ON BREAKOUT LEVEL ACTING AS SUPPORT.
🚫This is only for Educational Purpose 🚫
➡️Consult Your Financial Advisors Before Taking Any Trade💻
great set up in dixon tech buy dixon tech accumulate 14075-14800 level and trgt 15833-16818 look at the rsi mark when stock comes to t blue mark stock is touching the green mark and now is i.e setup which can lift the stock to green mark which is 15833-16818 in short so accumulate in between the level 14075-14800 .
note-invest in own risk.
like my work
Dixon Tech - at all time high - Buy#Dixon Tech
Look at 15 min chart. There is buying in last 1 hour of 1.1 Lakhs share. If you refer the delivery for the day it is 1.15 Lakhs shares. Highest delivery in this quarter at all time high. to purchase 1.1 lakhs share amount required is Rs. 52.8 cr. This means all the longs in last hours are made by Institutions. It seems retailers again sold at ATH on yesterday.
There are continues buying by Institutions since Aug-19 (go through 15 min chart). Retails shareholding decreased by 2 lakh shares (2.5%) as on 31st Mar-20.
There is Quarterly result in coming week. If you refer earlier results there were buying by institutions on previous 2-3 days before results.
Note - All the products of company are retail consumer based (like, LED, Mobile, etc), therefore there will be impact in current quarter's performance due to COVID. Also there is buying from Rs. 3,000 (24th March) to Rs. 4950 (29th May 2020), there could be sharp volatility on result day. Keep partially booking profit based on your target & risk.
Trade on your own risk.