🚨 Key Levels to Watch:
🔴 Support Zone: The chart indicates a breakdown below 17,600 could trigger a bearish move toward the potential downside targets:
👉 17,300 ➡️ 16,800 ➡️ 16,110
📈 Invalidation Point: If prices cross 18,450, the bearish outlook is invalidated, and a new bullish trend may emerge.
💡 Technical Analysis Insights:
The chart highlights a clear ascending trendline. A breakdown from this trendline combined with lower volume support might intensify selling pressure. The Fibonacci retracement levels align perfectly with the potential target zones, offering confluence for the next move.
⚠️ Pro Tip: Watch for volume confirmation if price dips below 17,600 for potential short setups. If prices stabilize above 18,450, shift your strategy accordingly.
📍 Are you ready for the next big move? 📉 or 📈? Let us know your take on Dixon Technologies in the comments! 🚀
🔴 Support Zone: The chart indicates a breakdown below 17,600 could trigger a bearish move toward the potential downside targets:
👉 17,300 ➡️ 16,800 ➡️ 16,110
📈 Invalidation Point: If prices cross 18,450, the bearish outlook is invalidated, and a new bullish trend may emerge.
💡 Technical Analysis Insights:
The chart highlights a clear ascending trendline. A breakdown from this trendline combined with lower volume support might intensify selling pressure. The Fibonacci retracement levels align perfectly with the potential target zones, offering confluence for the next move.
⚠️ Pro Tip: Watch for volume confirmation if price dips below 17,600 for potential short setups. If prices stabilize above 18,450, shift your strategy accordingly.
📍 Are you ready for the next big move? 📉 or 📈? Let us know your take on Dixon Technologies in the comments! 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.