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
- NO Repaint!
- Consistent profits, minimised losses
- Detect and avoid Sideways Market
- Works on all markets and all time frames.
- NO Repaint!
- Consistent profits, minimised losses
- Detect and avoid Sideways Market
- Works on all markets and all time frames.
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