Sharing a fresh daily chart setup for Dixon Technologies (India) Ltd. The price is currently consolidating around the ₹10,300 zone after a recent pullback. This area lies close to a key support/demand zone between ₹10,160 – ₹9,716, which could attract buyers if the level holds.
Trade Plan
Entry Zone:
₹10,300 – ₹10,500 (on sustained hold or bullish confirmation from the support zone)
Stop Loss:
₹9,716 (below key support / invalidation level)
Primary Targets:
₹11,818 (near-term resistance level)
₹12,583 (intermediate resistance)
₹14,688 – ₹14,700 (major resistance / extended target zone)
Chart Observations
• Price is currently moving near a strong demand/support zone around ₹10,160 – ₹9,716.
• The ₹10,300 area is acting as an immediate reaction zone where buyers are attempting to stabilize price.
• ₹11,818 is the first key resistance where selling pressure may emerge.
• A breakout above this level can push the price toward ₹12,583, followed by a strong upside potential toward ₹14,688 – ₹14,700.
• Overall structure suggests a favorable risk-to-reward setup if support holds.
Notes
• This setup is based on price action and clearly marked support/resistance zones.
• The stop loss at ₹9,716 defines clear downside risk.
• Traders may consider booking partial profits near ₹11,818 and trail remaining positions toward higher levels.
Disclaimer
This idea is for educational purposes only and not financial or investment advice. Markets are volatile and conditions can change quickly. Always do your own analysis and use proper risk management before taking any trade.
Trade Plan
Entry Zone:
₹10,300 – ₹10,500 (on sustained hold or bullish confirmation from the support zone)
Stop Loss:
₹9,716 (below key support / invalidation level)
Primary Targets:
₹11,818 (near-term resistance level)
₹12,583 (intermediate resistance)
₹14,688 – ₹14,700 (major resistance / extended target zone)
Chart Observations
• Price is currently moving near a strong demand/support zone around ₹10,160 – ₹9,716.
• The ₹10,300 area is acting as an immediate reaction zone where buyers are attempting to stabilize price.
• ₹11,818 is the first key resistance where selling pressure may emerge.
• A breakout above this level can push the price toward ₹12,583, followed by a strong upside potential toward ₹14,688 – ₹14,700.
• Overall structure suggests a favorable risk-to-reward setup if support holds.
Notes
• This setup is based on price action and clearly marked support/resistance zones.
• The stop loss at ₹9,716 defines clear downside risk.
• Traders may consider booking partial profits near ₹11,818 and trail remaining positions toward higher levels.
Disclaimer
This idea is for educational purposes only and not financial or investment advice. Markets are volatile and conditions can change quickly. Always do your own analysis and use proper risk management before taking any trade.
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.