Dixon's Bearish Breakdown – All Targets Smashed!
DIXON Stock Technical Analysis:
In the 15-minute timeframe, Dixon saw a short trade entry at ₹15,199.60, with prices moving decisively lower, hitting all the predefined targets.
Key Levels:
Observations:
This short trade capitalized on a strong breakdown, with all targets being successfully hit. Traders should remain cautious as the bearish momentum might be slowing down, offering potential reversal signals ahead.
In the 15-minute timeframe, Dixon saw a short trade entry at ₹15,199.60, with prices moving decisively lower, hitting all the predefined targets.
Key Levels:
- Entry: ₹15,199.60
- Stop Loss (SL): ₹15,349.80
- Target 1 (TP1): ₹15,013.95
- Target 2 (TP2): ₹14,713.50
- Target 3 (TP3): ₹14,413.10
- Target 4 (TP4): ₹14,227.45
Observations:
- The price plunged after a clear rejection below the Risological dotted trendline, confirming the downtrend.
- Dixon met all short targets as it continued its bearish trajectory.
This short trade capitalized on a strong breakdown, with all targets being successfully hit. Traders should remain cautious as the bearish momentum might be slowing down, offering potential reversal signals ahead.
- Indicator used on my charts> Risological.com
- Accurate Entry, Stoploss and Take Profit levels on all charts
- NO Repaint!
- Consistent profits
- Detect and avoid Sideways Market
- Works on all markets and all time frames.
- Accurate Entry, Stoploss and Take Profit levels on all charts
- NO Repaint!
- Consistent profits
- Detect and avoid Sideways Market
- Works on all markets and all time frames.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.