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