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Daily One Hot Intraday Tip in Equity to Get You Profit by 11 AM EveryDay.

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Dixon Technology Share Price : Buy or Sell Technical Analysis

Dixon Technologies (India) Limited is in a rising trend channel in the medium long term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 4600 rupee. 

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Volume has previously been high at price tops and low at price bottoms. Volume balance is also positive, which strengthens the trend. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The stock is overall assessed as technically positive for the medium long term.

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