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DIXON TECHNO (INDIA) LTDDIXON TECHNO (INDIA) LTDDIXON TECHNO (INDIA) LTD

DIXON TECHNO (INDIA) LTD

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DIXON trade ideas

Dixon Technologies Share Price Movements with Wave TheorySynopsis of Dixon Technologies Share Price Movements with Wave Theory Correlation The share price of Dixon Technologies has demonstrated significant fluctuations and growth over the past few years, aligning with the principles of Elliott Wave Theory. This theory suggests that market prices move in predictable wave patterns, typically consisting of five major waves followed by three corrective waves. Miner Waves Analysis Wave 1: Date: February 2020, Price: ₹919.45 Description : This initial upward movement marks the beginning of the bullish trend. Wave 2: Date: March 2020, Price: ₹678.25 Description : A correction phase that follows the first wave, typically retracing a portion of Wave 1's gains. Wave 3: Date: March 2021, Price: ₹4267.25 Description : Often the strongest and longest wave in the Elliott Wave sequence, Wave 3 represents a significant upward move. Wave 4: Date: August 2021, Price: ₹4046.25 Description : Another corrective phase, Wave 4, generally retraces less than Wave 2. The target for Wave 4 typically aims to correct 38.2% to 50% of Wave 3, which aligns with the observed price movement. Wave 5: Date: October 2021, Price: ₹5112.05 Description : The final wave in the primary bullish trend, Wave 5, usually completes the uptrend before a larger corrective phase begins. Intermediate Waves Analysis Intermediate Wave (1): Date: October 2021, Price: ₹5112.05 Description : This wave mirrors the final leg of the miner waves, marking the beginning of a new, larger wave cycle. Intermediate Wave (2): Date: January 2023, Price: ₹2553 Description: A substantial correction that aligns with the typical Wave 2 pattern, correcting a significant portion of Wave (1). Intermediate Wave (3): Date: July 2024, Price: ₹12879 Description : Following the principles of Elliott Wave Theory, Wave (3) in the intermediate cycle is expected to be the most powerful, reflecting a strong upward movement. Intermediate Wave (4) Target: Target Price: ₹8900-₹9000 Description : Based on Elliott Wave Theory, Intermediate Wave (4) is projected to correct approximately 38.2% of Wave (3), targeting a price range of ₹8900-₹9000. Conclusion The share price movements of Dixon Technologies from February 2020 to July 2024 align well with Elliott Wave Theory. The price started at ₹919.45 and went through a series of upward and corrective waves, reflecting typical wave patterns. The miner waves demonstrated an initial uptrend followed by corrections, culminating in a peak at ₹5112.05. Subsequently, the intermediate waves exhibited a similar pattern, with a substantial correction followed by a strong upward wave, reaching ₹12879 in July 2024. The target for Intermediate Wave (4) is projected to be in the range of ₹8900-₹9000, based on a 38.2% retracement of Wave (3). This analysis confirms the applicability of wave theory to Dixon Technologies' share price movements, indicating predictable patterns in market behavior. Disclaimer It's important to note that investing in shares involves risks, and past performance is not indicative of future results. The information provided here is based on technical analysis and Elliott Wave Theory, which are tools used to analyze market trends but do not guarantee future outcomes. Investors should conduct their own research or consult with a financial advisor before making investment decisions.
NSE:DIXON
by imkhushal
sell at zone ~ intradayexpecting small fall from the zone . look for confirmation inside zone in smaller tf. - good for intraday trade - entry is strictly inside the zone - SL is day close above zone - for target draw fib retracement from C to latest swing high , use 0.236 fib as tgt 1 (safe place for intraday), 0.382 as tgt 2 (risk takers). - don't trade , if u didn't get selling confirmation inside zone - if day close is above this zone , this pattern becomes invalid , ignore this pick
NSE:DIXONShort
by rajeevmmails
DIXON TECH Wave AnalysisIntroduction : Dixon Technologies, a notable player in the stock market, has recently exhibited signs of a bearish trend, breaching its bullish trendline and closing below it. A comprehensive analysis, based on wave counts, suggests the completion of internal degree 5 waves, raising concerns about the potential impact of Q3 results. While the stock is generally considered a promising investment, current circumstances warrant a cautious approach. Technical Analysis: Breach of Bullish Trendline: Dixon Technologies has recently breached its bullish trendline, indicating a shift in market sentiment. Technical traders often interpret such breaches as potential signals of a change in trend direction. Wave Count Analysis: The wave count analysis reveals the completion of internal degree 5 waves. This information is crucial in understanding the stock's current position within the market cycle and anticipating future movements. Intermediate Degree Waves (1) and (2): Intermediate degree wave (1) concluded at 6236.50 in October 2021. Intermediate degree wave (2) completed at 2551.4 in January 2023. Current Status - Intermediate Degree Wave (3): The stock is currently in the midst of intermediate degree wave (3). Wave 1 of intermediate degree wave (3) has been accomplished. Q3 Concerns: The anticipation of potential bad news in the Q3 results adds a layer of uncertainty to Dixon Technologies' current standing. This concern, coupled with the completion of internal degree 5 waves, may contribute to increased market volatility in the short term. Investment Implications: While Dixon Technologies is generally considered a solid investment, the current technical indicators and potential negative Q3 developments suggest a need for caution. Investors should closely monitor the situation and consider adjusting their positions based on the evolving market conditions. Disclaimer: This research is based on technical analysis and prices available on @tradingview. It is important to note that I am not a SEBI registered analyst. The content provided should not be construed as financial advice, and individuals are encouraged to conduct their own research or consult with a qualified financial advisor before making any investment decisions. The author does not take any responsibility for the accuracy or completeness of the information provided, and trading decisions based on this research are at the sole discretion of the individual investor.
NSE:DIXONShort
by imkhushal