DIXON Daily Time Frame AnalysisDIXON Daily Time Frame Analysis
SO given a good breakout with a good volume
- If it continues it rally we can see 5500-5800-6000 within next few sessions
- But may consolidate it is good as long as it is above 5000
-Green Candle are Resistance
-Yellow are support
Let's see where it goes
*Just m views not an investment advice*
Dixontechnologies
✅↗️ BIG MOVE EXPECTED FROM THIS✅✅↗️ BIG MOVE EXPECTED FROM THIS✅
- STOCK NAME : DIXON TECH.
- SCRIP : NSE: DIXON
- INDUSTRY : TECHNOLOGY
- LTP : 4427.15
- ✅TECHNICAL ANALYSIS DETAILS✅
1. ASCENDING TRIANGLE FORMATION .✅
2. CAN CONTINUE LONG UPTREND.✅
3. MACD BULLISH CROSSOVER.✅
4. CAN GIVE BIG UPMOVE IF SUSTAINS ABOVE 4460. ✅
5.RSI LEVEL IS ALSO STRONG.✅
6. BREAKOUT WITH DECENT VOLUME. ✅
7. RESPECTING TRENDLINE - UPTREND.✅
NOTE❗ : AFTER BREAKOUT PRICE MAY CONSOLIDATE A BIT AFTER A LONG RALLY & RETEST ON BREAKOUT LEVEL ACTING AS SUPPORT.
🚫This is only for Educational Purpose 🚫
➡️Consult Your Financial Advisors Before Taking Any Trade💻