Buy Dixon Technologies, target Rs 2340: Rupak De

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Buy Dixon Technologies, target Rs 2340: Rupak De

Rupak De

On the daily chart, Dixon Technologies has given a breakout above the falling trend line which suggests a reversal in the trend. On the weekly chart, the stock formed a ‘Morning Star’ kind of candlestick pattern which suggests a possibility of a larger bullish reversal in the stock.

In addition, the daily RSI is in a bullish divergence with the price which suggests momentum is likely to change to positive. Traders can accumulate the stock in the range of Rs 2115-2130 for the target of Rs 2340 and a stop loss below Rs 2037.

Disclaimer: The author is a Technical Research Analyst at Bonanza Portfolio. The views and investment tips expressed by investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Images are for reference only.Images gathered automatic from google.All rights on the images are with their original owners.

2018-12-20 15:58:37

Images are for reference only.Images gathered automatic from google.All rights on the images are with their original owners.

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