DIXON trade ideas
{ DIXON } : {ONE LAST BUY FOR THE TREND!!! 1:5}
Price has confirmed an Uptrnd by violating a Potential Supply formed in 4H chart, then formed this Fresh Demand Zone.
Which defines the Reward to Risk Ratio of 5:1, till Price reaches the Fresh Quarterly Supply, Price shoould STRONGLY DECLINE after the Target of BUY Trade is achieved.
CHEERRRRRSSSSS!!!!! ENJOY THE RIDE !!!
Dixon Tech - Technical bounceDixon Tech - Technical bounce -
Showing technical bounce. Once can wait for 0.5 / 0.6 retracement level for shorting
or
break of recent low 2900 approx.
Stock is in bearish zone.
PS : This is not a recommendation or advisory. Please consult your financial advisor before taking position.
Dixon Tech The company has 18 Manufacturing units spread across the nation and they offer complete solutions to its customers from the Manufacturing and designing to assembly and delivery support across all the verticals.
In FY22, the Co. has incurred a capex of Rs. 417 Crore. It believes that the annual business capex will likely continue to be in the vicinity of Rs. 300 to Rs. 320 Crore for FY 22-23 relating to expansion of capacities across existing verticals & diversifying into new verticals linked to the core of electronics; backward integration, PLI related capex & development of state of art infrastructure.
The Co. received 5 approvals under the PLI scheme of GOI including that for manufacturing of Mobile, Telecom & Networking Products, IT Hardware, Air Conditioners and LED Lighting, which is likely to redefine its revenue model.
and RSI indicates the buy zone today and stock making amazing revenue and profit also and it is a fundamental strong company.
DIXON TECHNOLOGIESDIXON TECHNOLOGIES
DIXON TECHNOLOGIES is forming a good pattern, there is a good accumulation happening at current levels.
DIXON TECHNOLOGIES is Symmetrical chart pattern breakout wait for entry about of confirmation candle.
This channel is for only educational purpose. Any Profit/loss, I am not responsible.
Sector: Electronic Technology
Industry: Electronic Production Equipment
Dixon Technologies - Keep an Eye ๐ Script: DIXON (DIXON TECHNOLOGIES (INDIA) LIMITED)
๐ Nifty50 Stock: NO
๐ Sectoral Index: NIFTY 500, NIFTY INDIA CONSUMPTION, NIFTY MIDCAP
๐ Sector: Consumer Durables
๐ Industry: Consumer Electronics
Key highlights: ๐กโก
๐ Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
๐ Crossover in MACD .
๐ Already Crossover in Double Moving Averages.
๐ Volume is increasing along with price.
๐ Script is moving towards resistance level which is around 4659 if script is breaking its resistance level it may go up.
๐ Current RSI is around 77.
๐ One can go for Swing Trade for around 120 points.
โฑ๏ธ C.M.P ๐๐ฐ- 4540
๐ข Target ๐ฏ๐ - 4659
โ ๏ธ Important: Always maintain your Risk & Reward Ratio.
โ
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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