DIXON

Technical View

The daily chart of

Ltd reveals a strong bullish reversal from the recent lows near ₹13,000, forming higher highs and higher lows over the past month. The stock has reclaimed the crucial resistance level around ₹15,222, which previously acted as both support and resistance. The breakout above this zone on strong volume signals a shift in market sentiment, with bulls regaining control. The recent candles also show reduced selling pressure, further supporting a short-term bullish outlook. However, the stock now approaches a key supply zone near ₹15,900–₹16,100, which acted as a strong resistance in April 2025. A decisive breakout above this zone, backed by volume, could open room for a move toward ₹17,000 and above. On the downside, ₹15,222 now becomes the immediate support, and a fall below it could invite short-term profit booking. Overall, the trend is bullish in the near term, but traders should watch for a follow-through above ₹16,000 to confirm further upside momentum.