DIXON

Fundaments View- Dixon Technologies (India) Ltd. is one of India’s largest electronics manufacturing services (EMS) companies, known for producing smartphones, LED TVs, lighting products, telecom equipment, and appliances for global and domestic brands. The company reported excellent financial performance with FY24 revenue growing to ₹17,691 crore and net profit jumping 322% year-on-year to ₹401 crore in Q4 FY25, reflecting its strong execution capabilities. Technical View- As seen on the daily chart, June has been a highly struggling month for the stock, with the price making fresh lows. On 23rd June, the stock hit a low of 13,451, but since then, some corrective recovery has been observed. The daily candles indicate that the stock is managing to hold above its 200-day EMA, suggesting that it is entering a correction phase. Technical indicators like Parabolic SAR, MACD, and RSI are signaling potential trend reversal. Today, the stock opened with a gap-up at 14,446 and is currently trading around 14,600, successfully holding above its 14-day EMA. In my view, even if some profit booking occurs around current levels, the stock is unlikely to break its 200-day EMA support zone. From a long-term perspective, a "buy on dip" strategy looks favourable, with 13,900 acting as a crucial stop-loss zone. If the stock sustains its upward momentum, it may soon retest levels of 15,500 to 15,600 in the coming sessions.