* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, August 4, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

    Credo Technology: Driving the Next Wave of AI Innovation

    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

    Credo Technology: Driving the Next Wave of AI Innovation

    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

Chart Check: After over 50% rally in a month, should you book profits or buy this consumer electronic stock?

June 21, 2023
in News
Chart Check: After over 50% rally in a month, should you book profits or buy this consumer electronic stock?
Share on FacebookShare on Twitter

Synopsis

Dixon Technologies’ stock has surged 50% in a month on strong volumes, and experts believe the rally may continue. The momentum helped the stock climb above the 50- and 200-day moving averages on the daily charts. However, the Relative Strength Index (RSI) indicates that the stock is in the overbought zone. Short-term traders should look for opportunities to add the stock on declines for a potential target above INR6,000 ($81) in the next three months. Dixon’s stock is trading above the upper Bollinger Band, indicating a volatility and uptrend breakout. Volumes have also been above average since May.

Chart Check: After over 50% rally in a month, should you book profits or buy this consumer electronic stock?ETMarkets.com

The stock price of Dixon Technologies, a consumer electronics company, rocketed 50% in a month on strong volumes, and going by the chart structure the rally may not be over yet, suggest experts.

The stock rose from Rs 2,912 as on 16th May 2023 to Rs 4,546 recorded on 16th June 2023 which translates into an upside of 56% in a month.

Short-term traders can look to add or accumulate the stock on declines for a possible target above Rs 6,000 in the next 3 months, suggest experts.

The stock hit a fresh 52-week high of Rs 4,722 as on 19th June 2023. The stock rose more than 14% in a week and over 60% in the last 3 months.

The momentum helped the stock to climb above the 50-DMA in May and 200-DMA in the month of June on the daily charts.

The momentum has pushed the stock toward the overbought zone; hence, some pullback could be on the cards.

The Relative Strength Index (RSI) is 86.7 on the daily charts. RSI above 80 is considered strongly overbought. This implies that the stock may show a pullback.

On the monthly chart, the RSI never dropped below 40, indicating that it never entered a bearish zone. The RSI breaking above the descending trendline adds another reason for the stock to reverse.

The month of May closed above 36-SMA, which represents the average of the previous 36 months, and June is also trading above the 36-SMA.

“If we consider the highest high of Rs 6,243 in the month of October 2021 and the lowest low of Rs 312 in the month of August 2019, Dixon Technologies stock has retraced to the golden ratio of 61.8% at Rs 2,553 in the month of January 2023, and the trend has since reversed. The RSI is above 60 levels on the weekly chart, indicating that momentum is strong,” Suraj Bathija, Founder & CSO at AlgoBulls, said.

image (68)ET CONTRIBUTORS

The stock is trading above its 52-week moving average. The 52-week moving average (SMA) indicates whether the stock is trading above or below its yearly average.

The stock is also trading above the upper Bollinger Band, indicating a volatility and uptrend breakout. From 15 May 2023 to the end of 9 June 2023, volumes were above average.

image (69)ET CONTRIBUTORS

“The RSI has been above 60 on the daily chart since the end of May 2023 and has remained in the overbought zone. Volumes on those days are above average on every green candle,” highlighted Bathija.

“Furthermore, volumes on green days have been higher than on red days for the majority of the time since February 2023. Traders can purchase it now with a target price of Rs 6,140 and Rs 7,640 in the ensuing months to a quarter,” he recommended.

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

…moreless
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : The Times of India – https://economictimes.indiatimes.com/markets/stocks/news/chart-check-after-over-50-rally-in-a-month-should-you-book-profits-or-buy-this-consumer-electronic-stock/articleshow/101126751.cms

Tags: ChartChecknews
Previous Post

Netflix set to release new reality game based on Squid Game; trailer has viewers on the edge

Next Post

Hockey: India to open Asian Champions Trophy campaign against China on Aug 3

How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

August 4, 2025

Do You Really Need Electrolyte Drinks to Stay Hydrated? Here’s the Truth

August 4, 2025
New rule would expand tug escort requirements, reduce risk of oil spills in Puget Sound – Washington State Department of Ecology (.gov)

New Rule Strengthens Tug Escort Requirements to Drastically Reduce Oil Spill Risks in Puget Sound

August 4, 2025
100 years ago, scientists thought we’d be eating food made from air – Popular Science

A Century Ago, Scientists Predicted We’d Be Eating Food Made from Air

August 4, 2025
Maserati and Sparco Launch Lifestyle Capsule Inspired by Motorsport Heritage – stupidDOPE

Maserati and Sparco Launch Lifestyle Capsule Inspired by Motorsport Heritage – stupidDOPE

August 4, 2025
Fox News Flash top entertainment headlines of the week – Fox News

Top Entertainment Headlines You Can’t Miss This Week

August 4, 2025
How Is the Economy Doing Right Now? – NerdWallet

What’s Really Going On with the Economy Right Now?

August 4, 2025
Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

August 4, 2025
At Washington Health Care Authority, workers are warned of layoffs – Washington State Standard

Washington Health Care Authority Alerts Employees of Potential Layoffs

August 4, 2025
NYPD program allowed slain officer to moonlight as private security guard – Spectrum News NY1

NYPD program allowed slain officer to moonlight as private security guard – Spectrum News NY1

August 4, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (753)
  • Economy (778)
  • Entertainment (21,655)
  • General (16,275)
  • Health (9,815)
  • Lifestyle (786)
  • News (22,149)
  • People (777)
  • Politics (787)
  • Science (15,991)
  • Sports (21,274)
  • Technology (15,756)
  • World (759)

Recent News

How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

August 4, 2025

Do You Really Need Electrolyte Drinks to Stay Hydrated? Here’s the Truth

August 4, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version