Dixon Tech shares rise 2%, but down 35% since Sept 2025 high: Analysts expect more short-term weakness

Dixon Technologies share price

• Dixon Tech shares rose over 2 percent, snapping a two-day losing streak
• Stock remains under pressure, trading below key moving averages
• A move above Rs 12,600 needed to improve short-term outlook

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The shares of Dixon Technologies (India) rose more than 2 percent on January 7, snapping a two-session losing streak. Analysts however expect the overall weakness to continue, unless the stock succeeds in crossing some key levels.

The shares of the EMS player rose to Rs 11,970 apiece on Wednesday before paring some gains. The stock is down more than 35 percent from its September high of Rs 18,471 apiece.

The stock is so far down more than 3 percent in the past five days, and over 13 percent in the past one month. The stock has fallen nearly 24 percent in the past six months.

What lies ahead for Dixon Tech shares?

Dixon Technology shares remain under pressure, with the stock trending below major moving averages, said Siddharth Maurya, Founder & Managing Director at Vibhavangal Anukulakara. He explained that this suggest a weak trend for the stock in the short-term.

“The stock has formed a lower top and a lower bottom in the chart. This suggests strong sale pressure on the stock. The stock is expected to soon find support at around the ₹11,700 level. The stock faces a major hurdle at the ₹12,600-13,000 level,” he added.

Kunal Kamble, Senior Technical Research Analyst at Bonanza, meanwhile said that Dixon Tech is witnessing sustained selling pressure on the daily chart, with price trading below its key short- and medium-term moving averages.

Decisive move above this level required to improve short-term outlook:

“The stock has broken down from a descending channel and is hovering near the critical support zone of ₹11,700–11,000. Failure to hold this zone could open further downside toward ₹10,500. Volumes remain muted, indicating lack of strong buying interest at current levels. The RSI is placed near 30, signaling weak momentum and oversold conditions, though no clear reversal signal has emerged yet,” he added.

However, a decisive move above Rs 12,600 is required to improve the short-term outlook for the stock, Kamble explained.

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