Dixon Tech Analysis purple Line act as Magnetic If Price BDDixon Technologies (India) Ltd.NSE:DIXONTheGoldenFarmsofEquity ## 🔴 1. Current Trend Structure * Stock is in a **medium-term downtrend** after falling sharply from its highs. * Price has declined nearly **24% from 52-week high**, showing distribution phase. * Moving averages show **more sell signals than buy signals**, indicating weak momentum. * Overall technical rating: **Neutral → Bearish bias**. 👉 Market currently treating rallies as **sell-on-rise**. --- ## 📉 2. Recent Price Behaviour (Price Action Reading) ### What charts are showing: ✅ Lower highs formation ✅ Weak bounce attempts ✅ Supply appearing near resistance zones ✅ Options activity turning bearish Heavy **put option activity around ₹10,500 strike** signals traders hedging for downside risk. This is classic **distribution phase price action**. --- ## 🧭 3. Key Support & Resistance (Important Levels) ### 🔵 Immediate Levels * **Support:** ₹11,165 → ₹10,650 → ₹10,378 * **Resistance:** ₹11,950 → ₹12,226 → ₹12,739 (Pivot ≈ ₹11,439) () ### 🔴 Weekly Trading Levels * Immediate Support: **₹10,773** * Major Support: **₹10,474** * Immediate Resistance: **₹11,605** * Breakout Level: Above **₹11,605** --- ## 📊 4. Moving Average Price Action (Very Important) Current price behaviour vs EMAs: * Price trading **below 50-DMA & 100-DMA** * Long-term trend still weak * Downtrend started from ~₹15,700 zone (Nov 2025 swing) 👉 Until price reclaims major MAs, trend reversal is unlikely. --- ## ⚡ 5. Momentum Signals * RSI previously near oversold → short bounce possible. * But analysts warn: **bounce ≠ trend reversal**. Meaning: > Relief rally possible, structural uptrend not confirmed yet. --- ## 🧠 6. Price Action Interpretation (Trader View) ### Bearish Scenario 📉 If price closes below: 👉 **₹10,750 zone** * Fast fall toward ₹10,400–₹10,000 possible. ### Bullish Scenario 📈 Only if: 👉 Strong close above **₹11,600** * Short covering rally toward ₹12,100–₹12,700. --- ## 🎯 7. Smart Trader Strategy (Price Action Based) | Type | Strategy | | ---------------- | ---------------------------------- | | Swing Traders | Sell near resistance till breakout | | Positional | Wait for structure change | | Breakout Traders | Buy only above ₹11,600 close | | Dip Buyers | Watch ₹10,500 demand zone | --- ## ⭐ Simple Price Action Summary * Trend: **Bearish to Sideways** * Structure: **Lower High – Lower Low** * Sentiment: **Cautious / Hedged** * Confirmation Needed: **Above ₹11,600**