DIXON Technologies – Bearish Analysis

📉 DIXON Technologies – Bearish Analysis
Timeframe: 15-minute
Trend: Clearly downward with consistent Lower Highs and Lower Lows
Indicators:

EMA Ribbon :
Price is currently below all EMAs, which are fanned out and sloping down — confirming strong bearish momentum.
EMA ribbon is acting as a dynamic resistance zone.
🧭 Key Chart Observations:
🔺 Resistance Zones:

₹14,588–14,706: Identified confluence of Fibonacci 61.8% retracements and previous supply zones.
Price rejected from this zone multiple times, validating it as a strong resistance.
🔻 Immediate Breakdown Zone:

₹14,350–14,400: Short-term demand zone where price is hovering.
Breakdown from this level will confirm continuation of the lower low structure.
🎯 Bearish Targets:
Target 1: ₹13,766
First minor support; aligns with Fibonacci -0.89 extension
Target 2: ₹13,292
Based on prior swing structure
Final Target: ₹13,078 – highlighted as your primary expectation
Extended Target: ₹12,899
Deep extension if breakdown continues with momentum
❗ Stoploss:
Above ₹14,653, which is just above the swing high and 61.8% Fib level — logical place to invalidate the bearish thesis.
📌 Strategy Suggestion:
Short Entry: Below ₹14,350 (confirmation breakdown)
Stoploss: ₹14,653 (above EMA resistance zone)
Targets:
T1: ₹13,766
T2: ₹13,292
Final: ₹13,078 (as per your marked level)

🔍 Summary:
DIXON is in a clear downtrend on the 15-min chart with EMA ribbon resistance, Fibonacci confluence rejection, and bearish swing structure. Unless price breaks above ₹14,653, downside momentum is likely to continue toward the ₹13,100–₹13,000 zone.



⚠️ Disclaimer:
This analysis is for educational and informational purposes only and does not constitute investment advice. Trading and investing in markets involve risk. Please do your own research or consult a financial advisor before making any trading decisions.