Dixon Technologiesa weekly flag and pole patter with a clear breakout and retest and again at the good levels.
If you know about this pattern you can see it clearly and short as well as long trade can be seen in future according to ones capacity.
DIXON trade ideas
DIXON TECHNOLOGY Elliott Wave AnalysisDIXON TECHNOLOGY
Dixon Technology Impulsive Movement: Dixon Technology has started an "impulsive movement upside," indicating that the stock's price has been rising in a strong and decisive manner.
Bottoming Out Near 2553: The stock reached a low point near 2553 on January 30, 2023. This low is referred to as the "bottoming out" point.
Intermediate Wave (2) : The low at 2553 is labeled as an "intermediate wave (2)," which suggests that it is part of a larger wave pattern. In Elliott Wave Theory, waves are labeled numerically and represent different degrees of price movement.
Leading Diagonal and Completed Waves: The stock's upward movement from the low at 2553 is described as starting with a leading diagonal in the internal wave 1. This is a specific pattern in Elliott Wave Theory. The stock has completed waves (i), (ii), (iii), and (iv), and is currently in the process of forming the (v) wave.
5th Wave: The analysis suggests that the stock is currently in the 5th wave, which is expected to consist of sub-waves labeled i, ii, iii, iv, and v. It is observed that waves i, ii, and iii of the (v) wave have already been completed.
Future Movement: Stock will continue its upward movement and complete waves iv and v of the 5th wave. It suggests that the target price for the stock's upward movement is 5138. However, before reaching this target, the stock may retrace back down to around 4504.
Disclaimer: The information provided is based on the interpretation of Elliott Wave Theory as described in the text. This analysis is for informational and educational purposes only and should not be considered as financial advice or a recommendation to buy, sell, or invest in any financial instrument, including stocks or securities. Market movements are influenced by a complex interplay of factors, and predictions based on technical analysis may not always accurately forecast future price movements. Trading and investing in financial markets carry risks, and it's important to conduct thorough research, consult with qualified financial professionals, and consider your own risk tolerance and investment goals before making any trading or investment decisions. The author and OpenAI do not assume any responsibility for financial decisions made based on the information provided in this response.
Dixon breakout with volume. Dixon has given a major breakout.
It has broken out of Flag and Pole pattern with good volume.
It has also formed a bullish divergence by forming Lower Low on price and Higher Low on indicator.
Entry: CMP
Exit/Stoploss: 4080
T1: 4700
T2: 5000
T3: 5600
T4: 5930
Dixon Technologies Ltd.*Dixon Technologies Ltd.*
P&F Formation on Yearly Basis.
Price BreakOut Sustained.
Strong Vol. Consolidation/ Continued BuiltUp.
Electronics Manufacturing PLI / Sector outlook Positive for Company.
Trail SL with Upside.
Book Profit as per Risk Appetite.
Do Your Own Research as well. This is an Opinion
Happy Investing 😇
DIXON - Bullish Swing ReversalNSE: DIXON is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Bullish flag pattern breakout in Dixon TechDIXON TECHNOLOGIES LTD
Key highlights: 💡⚡
✅On 1 Day Time Frame Stock Showing Breakout of Bullish flag Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 6076+.
✅Can Go short in this stock by placing a stop loss below 3730-.
very crucial Stage for downsite and upside support very cruiceal support 4000 if break heavy volume most of chance is going very sharp correction but my view is support not break let see and 4000 is psychological support but one time ttrend reverse
Dixon - good shorting canditate RR - 1:3:6Good shorting candidate - with SL of 3% one can target 10% and 17%.
Define your risk in advance and strictly follow SL.
PS : Only for learning purpose.
Pls consult your financial advisor before entering any trade.
Bullish wedges breakoutDixon is looking good to go long from here.
Perfect time to enter.
Targets and SL mention on chart.
DIXON TechnologiesDIXON - price action makes it look like forming a triangle..
Break to upside, possible targets 4450, 4550 and 4650
Daily closing below 4250 level would invalidate the bullish thesis
As long as above 4250, above targets are possible
Dixon Technology 1HRAccording to the DIXON Technology chart, it appears that the 5 waves of the 1 upside have been fully completed. Both the (a) and (b) waves have concluded in a downward direction, while the (c) wave is currently continuing its downward progression. There is hope that it will find support near the 61.8% retracement level, approximately at 2766, and subsequently proceed towards the 3rd wave.
Anticipated movement from the 2766 level indicates an expected rise to approximately 3667.
Regards
Pls like if you liked this analysis.
Dixon fresh entry viewsFor study purposes, the script has overcome the 2nd target zone and now started trading above it. So now if the support holds, it can reach the new target zone.
DIXON VIEWSDIXON Seems to be bouncing from the 2nd accumulation zone above the 1st one.
I still weight it as a long candidate for swing.
50% position sizing I am following as of now.
Dixon latest viewsAs discussed in earlier post the script was giving clues of accumulation near support and rightly so it has achieved its 1st hurdle target.
DIXON BULLISH DIVERGENCE ON DAILY CHART!!!!Hello to everyone,
As we can see there is a Bullish divergence in RSI & PRICE on daily timeframe . This is indicating that price has not much momentum to go downside. We can expect a trend reversal in Dixon.
The price consolidating in a range from last few days. As per the theory of range, the price will go to the side on which the breakout occurs. But here the price is trading in oversold zone and BULLISH DIVERGENCE is also happening between PRICE & RSI on daily chart. So there is higher probability of that breakout will happens upside.
Dixon
👉🏻Added in watchlist✅👍
👉🏻Breakout possible above 2860+ close (Buy abv BO)✅
👉🏻Above breakout gap filling possible 3150 to 3350+🎯
👉🏻Quality stock👍
👉🏻Base support made at 2550👍
👉🏻RSI Bullish Divergence✅
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Dixon Technologies..long Bottom range 2920 (support line) - 3015 ( resistance)
Once crossed 3015 gap filling will happen
Target - 3000/3200
Sl - 2890
DIXON - Weekly AnalysisIn the Weekly Chart of DIXON ,
we can see that, after failure of Cup & Handle,
It is now ready for big move.
Dixon TechnologiesPrice under extreme consolidation. Waiting for RSI to cross 60 to initiate Long. This is for education idea and not a trading advice. Consult your financial advisor to take a position.
{ 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 !!!
