DIXON trade ideas
Dixon Short Setup.Dixon trading exactly at 50% retracement,
Good Sell below 3200
Targets are 2580, 1600 or more.
Dixon Technologies Stock analysisThis Dixon Technologies Chart look good from here
Price now @ their support zone....
Price try to form Morning star pattern also.
Note - This is my personal analysis / View
dixon 1dtfLook Like a perfect downtrend opportunity as moves toward the target of 3820 as a close below it moves toward the target of 3450
Dixon making head and shoulderDixon has made head and shoulder pattern on daily charts. It's a bearish head and shoulder and stock can correct upto 8 to 10%. Refer the chart for downside target.
DIXONDixon Technologies on 15 min Time Frame, so keep a Track on it.
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{For Educational purpose only}
DIXONNSE:DIXON
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DIXON Technology | Possible Reversal CandidatePrice Action:
Trendline Support
Technical Indicator:
Weekly RSI Taking Support at 40
Monthly RSI Taking Support at 60
Pattern:
Looks Like W Pattern
Volume:
Decent Volume in todays candle
Dixon in symmetrical triangleFrom 19th October the stock has been consolidating in a symmetrical triangle pattern.
It is near its support.
Wait for the confirmation before entering inro the stock.
Nearly 3 months of consolidation has been there.
Once the stock price leaves the consolidation phase it can give a good moment either side.
Dixon Tech_Triangle breakout _ squeezingDixon Tech_Triangle breakout _ squeezing
In dixon tech, on Daily time frame breakout is expected as it has been under squeeze and may give breakout from triangle formation.
DIXONDIXON - Watch out the pattern formations here.
Box breakouts & J-hook setups.
These set ups have added to the stock strength.
dixonNSE:DIXON
Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House.
All the contents over here are for educational purposes only and are not investment advice or recommendations
offered to any person(s) with respect to the purchase or sale of the stocks / futures and options.
You are also requested to apply your prudence and consult your advisers in case you choose to act on
any such content available as WE claims no responsibilities for any of your actions or any outcome of
such action
Dixon Technologies Continuously moving upwards in a channel and currently is on ema20 support any green candle with nice volume good market sentiment could be a good entry, however if seek support 4845 and 4735 will be immediate and strong support, and anytime breaks channel created with green trendline can result in quick rally and new levels.
Dixon TechnologyDixon Technology is a contract manufacturing company. With PLI scheme and focus of manufacturing getting shifted from China, I believe, this company will do good.
DIXON Daily Time Frame AnalysisDIXON Daily Time Frame Analysis
SO given a good breakout with a good volume
- If it continues it rally we can see 5500-5800-6000 within next few sessions
- But may consolidate it is good as long as it is above 5000
-Green Candle are Resistance
-Yellow are support
Let's see where it goes
*Just m views not an investment advice*
Dixon TechDixon Tech
CMP - 4380 good support
Can enter at current levels 4380
1st Target - 4480
2nd Target - 4717
Positive: Above 50 MA
RSI - 59 Good
Daily MACD - uptrend
Alert: if it drops then we might see a fall till 3964
My suggestion - Enter at CMP or buy on dips
