Dixon's Bearish Breakdown – All Targets Smashed!

25 ต.ค.

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:

• 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:

1. The price plunged after a clear rejection below the Risological dotted trendline, confirming the downtrend.
   
2. 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.