Tuesday, April 22
Shares of Dixon Technologies have been displaying strength over the past few months and hit a new all-time high of Rs 19,148.90 in December 2024, from where the stock started to retrace.On the daily chart, the stock is currently trading around Rs 16,919 and has fallen by nearly 6% in the last 2 weeks.However, the stock has shown a rebound from its recent support level near Rs 15,953. The resistance zone is observed near Rs 17,295.It is trading below its 20-day and 50-day EMAs (Rs 17,391 and Rs 15,869, respectively), indicating short-term weakness, though it remains above its 100-day EMA at Rs 14,417, which hints at the underlying medium-term support.While the longer-term uptrend remains intact, with the stock trading above its 100-day (Rs 15,369) and 200-day (Rs 12,752) moving averages, th
