Daily chart of Dixon Technologies (India) Ltd showing an Elliott Wave corrective structure.
Price has completed a larger ABC correction within a descending channel. A trendline break confirms a short-term reversal attempt after Wave (C) bottom.
Short-term projection: ~₹13,927
Potential Wave 2 retracement zone: ₹10,622–₹10,541
Overall trend remains corrective unless price sustains above channel resistance.
Educational Elliott Wave analysis with projected retracement levels.
Price has completed a larger ABC correction within a descending channel. A trendline break confirms a short-term reversal attempt after Wave (C) bottom.
Short-term projection: ~₹13,927
Potential Wave 2 retracement zone: ₹10,622–₹10,541
Overall trend remains corrective unless price sustains above channel resistance.
Educational Elliott Wave analysis with projected retracement levels.
Trade active
4th of minor degree 1 has concluded. 1 leg upside upto 12400 then wave 2
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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.