DIXON - Strong Breakout - DIXON
- Clean Breakout forming a Triangle pattern
- Breakout from previous resistance at 4690
- Supported with Increasing Volumes
Dixontech
Buy Dixon Target 🎯 4586Buy Dixon Target 🎯 4586 because it's on support and target is its resistance.
Dixon Tech approaching ascending triangle breakout Buy above 4480
With Sl below 20 dma closing basis, initial Sl 4130
Target 5850 as per pattern
✅↗️ 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💻
Bearish Divergence in Dixon on Daily Chart! Bearish Divergence in Dixon on Daily Chart! Let's see. Will we see 14000/16000?
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 technologyHello!! Dixon technology looks a good stock its already on all-time highs because it's a new stock, I will not prefer to bet on a new horse, but if someone knows the fundamentals then can try this stock. in my view, it will retrace a bit till the levels given. #my_view #learner
Super bullish on DIXON This pic is for Investment
Buy DIXON From 7500-7700
SL 7000
Target 8500,9000,10000
Indian Government put restriction on the import of TV Sets and the sole beneficiary of it is DIXON only.
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.
