DIXON - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📈 Intraday Trade Analysis for DIXON Technologies

⭐ IntraDay Trade Rating

4.6

DIXON is displaying strong momentum signals coupled with solid financials. While its P/E is sky-high, current price action and indicators reflect short-term strength and potential for a profitable intraday play.

🚀 Momentum & Technical Indicators

RSI: 70.7 → Overbought, but still bullish. Price could extend unless there's a reversal signal.

MACD: +465 → Strong positive momentum; signals sustained upward pressure.

Volume: 2.00L vs 1Wk Avg: 4.57L → Below weekly average, but sufficient for stable trades. Spike needed for confirmation.

Price Relative to Averages

Current Price well above DMA50 (₹15,529) and DMA200 (₹14,608) → Bullish structure confirmed.

🛒 Intraday Buy Strategy

Optimal Buy Zone: ₹16,780–₹16,800 Ideally enter on a minor pullback or breakout on increased volume (>2.5L).

Target Exit Levels

Target 1: ₹16,940

Target 2: ₹17,050 Minor resistance zones observed on chart; watch volume behavior as price nears.

Stop-Loss: ₹16,700 Triggers if price fails to hold post-breakout. Adjust lower if volatility is high.

🔁 If Already Holding Today

Momentum-Based Exit Signals

RSI crossing below 69 intraday with declining MACD slope.

Price action forms reversal candles (e.g., shooting star) near ₹16,950–₹17,000 zone.

Volume dries below 1.5L during mid-to-late session — signals fading interest.

Profit Booking Levels

Initial: ₹16,940

Aggressive: ₹17,050

Trailing Stop-Loss Strategy: If price crosses ₹17,100, trail SL to ₹16,900 to protect gains with flexibility.

💡 Summary Insight

DIXON's strong earnings growth (68.3% Qtr Profit Var), exceptional ROE, and macro-level momentum offer an attractive canvas for intraday movement. RSI warrants caution, but until volume fades or reversal patterns appear, the trend is your friend.

Want to compare this with other electronics contract manufacturing stocks or build a sector watchlist for momentum trades? I’m happy to help plug that in 🔌📊.

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