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    HomeNewsBusinessMarketsBuy Dixon Technologies, target Rs 2340: Rupak De

    Buy Dixon Technologies, target Rs 2340: Rupak De

    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, says Rupak De of Bonanza Portfolio.

    Moneycontrol Contributor
    December 20, 2018 / 12:07 IST

    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.

    Disclaimer: The author is a Technical Research Analyst at Bonanza Portfolio. The views and investment tips expressed by investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Moneycontrol Contributor
    Moneycontrol Contributor
    first published: Dec 20, 2018 12:07 pm

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