DIXON TECHNOLOGIES
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DIXON has run up from 2990 to 6666 i.e. 123% in merely 4 months.
So there is no denial in the power this stock has to run further. Targets and time frame cannot be predetermined so the best thing to do in such a situation is buy in SIP and always ride the stock with a trailing Stop Loss.
I see a buying opportunity between 6150 and 6300. However if the price breaks the channel on the downside then be cautious to see if it takes support near the next support dotted line.
The RSI is also presently in the overbought zone.
So there is no denial in the power this stock has to run further. Targets and time frame cannot be predetermined so the best thing to do in such a situation is buy in SIP and always ride the stock with a trailing Stop Loss.
I see a buying opportunity between 6150 and 6300. However if the price breaks the channel on the downside then be cautious to see if it takes support near the next support dotted line.
The RSI is also presently in the overbought zone.
Note
DIXON is getting ready to fire again.(Most probably)Note
Very beautifully riding the channel border. I see small diamond formation at the top indicating some correction so be cautious and nifty is also facing resistance so as long as it doesn't breach the channel border it is good to hold.Note
Showed strength on 25th Aug and is riding again.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
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