DIXON TECHNO (INDIA) LTD
Open—10379--High---10459---Low—10211--Close---10289 on 17.3.2026.
All-Time High:-19148.90 made on
All-Time Low:-312 made in 2019.
Recent Low:-9630 made on 9.3.2026.
The overall technical setup is very weak and it is already into
bear market territory as it is below its threshold point of 15319.12 and other critical point of 12120 &11646, so it is likely to
go down further in the coming days. Moving down its important support range
could be as follows:-
1. 9950----9550.
2.9200----8800---8456--break
& sustained close below 8456 may witness an accelerated
fall and can drag it down to 5785 levels or
lower.
Similarly the following points are termed as make or break
bottom and are supposed to be a strong support points:-
1.15593.—----IT IS BELOW
IT NOW.
2.13280.—----IT IS BELOW
IT NOW.
3.12202.20--- IT IS BELOW
IT NOW.
4.10620------- IT IS BELOW
IT NOW.
5.8456---------VERY CRITICAL POINT
6.7932.55.
7.7198.35.
8.6503.50.
9.5782.85.
10.5076.
11.4733.45.
12.3953.
13.2754.05.
14.2553.
It is suggested to buy in a staggered manner only once it gives visible indication that the fall is arrested or downside may be limited and if it holds any of the support points or range as mentioned above for some time then start buying with a strict stop losses. Please note that 8456 is a very critical support point and break & sustained close below it may witness an accelerated fall and as of now the overall technical setup indicates that it is likely to break this point in coming days, so watch out. It is suggested not to hurry for buying because overall market condition is very fluid and sentiments are at the lowest at this point of time.
It is important to
mention here that you can get good companies stock cheaper only when the technical
parameters are weak, therefore for investor those who are slight risk taker and
have patience and can hold the stock for 3-5 years time period should only buy in
a staggered manner with the help of above observation for good or handsome
return. Similarly for the risk-averse investor one should only buy when it
gives distinct indication of bottoming out and consistently start moving up,
but in this case one will get the stock at a higher price.
REMARKS;-In view of the above observation for traders & short term
investor’s one can buy near or within the range of 9750—9650 and then in the
range of 8600---8456 with a stop loss of 9500 & 8380 respectively or can buy if it moves above 11540 & 12000 and sustain on the
closing basis then with a stop loss of 11540 & 12000
and for long term investors one should
structure their buying as suggested above.
FOR SHORT TERM TRADERS
OR INVESTORS.
S.N BUYING RANGE OR POINT
STOP—LOSS
REMARKS
1. 9750----9650 9500 FOR AGGRESSIVE TRADER/INVESTOR.
2. 8600---8456 8380 FOR SLIGHTLY SAFE TRADER/INVESTOR.
3. IF SUSTAINS ABOVE 11646 11540 FOR REASONABLY SAFE TRADER/INVESTOR.
4. IF SUSTAINS ABOVE 12120 12000 FOR SAFE TRADER/INVESTOR.
FOR LONG
TERM INVESTORS
Initiate buying
if it breaks 8456 then buy near 7700, 7100,6500,5800,4700 in a staggered manner
and buy only half of the targeted quantity and buy rest of the quantity only
once it moves above 8456 and sustain on the closing basis with a stop loss of
8380.
IMPORTANT: DO NOT TRADE OR
INVEST WITHOUT STOP LOSS.
NOTE: - It is a technical assessment of the stock as of now, the
technical interpretation changes with the price movement and time, therefore it
has to be reviewed at regular intervals, furthermore investors are advised to look into
fundamental, financial details of the company because that too keeps on
changing and last but not the least management perception for the future of the
company before taking investment decision.
Disclaimer:- I am not a SEBI registered technical
analyst. The view expressed here are solely of the author and purely for the
academic and educational purpose. This is in no way a trading or investment
advice.
Kindly note that make your cost your stop loss
in favorable trade and then trail it as the price move up/down
to gain maximum profit and avoid losses. Use support and resistance levels as
entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT
STOP LOSS.
Note: Price stated
here are of spot market.
Contact me for strategic guidance to enter and
exit trade.
Thanks
Narendra Kumar Surana
Mobile—8240951127/9831313654.
