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Buy Dixon Technologies, target Rs 2340: Rupak De

20 December, 2018 6:37 AM
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Buy Dixon Technologies, target Rs 2340: 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.

Source: moneycontrol.com

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