Dixon Technologies – Technical Analysis, Short term Analysis

The stock

is showing a short-term corrective trend within a broader recovery structure. After recovering from the ₹9600–10000 zone and moving toward ₹14,800–15,000 the stock has started forming lower highs. The latest close is around ₹12,700 down 3.05%, and price is currently below the 20-day and 50-day EMA, indicating short-term weakness. Support & Resistance: Immediate support is around ₹12,600–12,700. If this zone breaks decisively the next support can come near ₹12,200–12,300 followed by ₹11,800–12,000. Technical levels also identify ₹12,470 and ₹12,240 as nearby support references. Short-Term Buyers & Holders View: For short-term buyers ₹12,600–12,700 is an important zone to monitor for stabilization. A sustained move above ₹13,300–13,500 with strong volume can improve the short-term structure. If price breaks and sustains below ₹12,600 the correction can extend toward ₹12,200–12,300.