DIXON

Mid-term Investment Position: 17-08-2023

 We are adding some quantities of this stock at the current level .    
We are planning to invest in this stock with 8-10% capital. We are expecting 7-8% or more return in this stock. 

Technical Reason:  The Stock is trading above 50 & 200 EMA and has recently broken its crucial Resistance Zone in Daily TF. Also the Stock is trying to continue its up-side momentum by forming Inverse Head & Shoulder Pattern in Weekly TF. Recently, trading volume appears to be increasing in the stock. 

The Fundamentals of the company is also satisfactory. The company has efficiently utilized their working capital.  The Indian government imposed a restriction on import of laptops, tablets and personal computers, with immediate effect. This company can get benefit on this policy  We will maintain our Stop-Loss around 4500 levels. We might exit if it breaks this level. 

STOCK NAME: DIXON at CMP (Range 4755-4760)  
Note: Do not buy in Bulk, as the market is very volatile