DIXON - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.6

Here’s a detailed technical analysis of DIXON Technologies

📊 Trend Overview

Current Trend: Strongly trending upward

Price is near its 52-week high (₹19,150), indicating bullish momentum.

RSI at 72.3 is in overbought territory, suggesting strong momentum but caution for short-term pullbacks.

MACD at 440 shows a powerful positive crossover, confirming trend strength.

📈 Technical Indicators

Moving Averages

Price (₹18,327) > 50 DMA (₹16,928) > 200 DMA (₹15,373): Golden crossover confirmed

RSI (72.3)

Overbought zone. Momentum is strong but may face resistance or consolidation.

MACD (440)

Strong positive crossover. Momentum is accelerating.

Bollinger Bands

Price near upper band, indicating strength but also short-term resistance.

Volume Trends

Current volume (2.77L) > 1-week average (1.56L): Strong accumulation

Indicates institutional interest and breakout potential.

🔍 Short-Term Momentum Signals

Bullish Bias with Overbought Caution

MACD and price action support continued upside.

RSI suggests strength but warns of potential short-term exhaustion.

DII inflows (+3.61%) add to sentiment despite FII outflows (-1.26%).

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 17,500 Minor pullback zone

Support 2 16,928 50 DMA, short-term base

Resistance 1 19,150 52-week high

Resistance 2 19,500 Psychological barrier

Resistance 3 20,200 Projected breakout target

🎯 Entry & Exit Zones

Optimal Entry: ₹17,000–₹17,500 (on dips near support)

Exit Zone: ₹19,150–₹19,500 (partial profit booking)

Aggressive Target: ₹20,200+ if breakout above 52-week high sustains

🧭 Summary

Trend: Bullish and strongly trending upward

Momentum: High, supported by MACD, RSI, and volume

Outlook: Favorable for short-term momentum trades; watch for consolidation near ₹19,150

Valuation: Extremely high P/E (782) vs industry (26.4), weak ROE/ROCE, and sharp profit decline (-43.2%) suggest caution for long-term investors despite strong technical setup

Let me know if you’d like a simulated trade setup or visual chart based on this analysis.

Edit in a page