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Dixon Technologies (India) Ltd 

BUY 25 AUG 15000 CALL Entry Range 130 – 140 Target 280 Stop Loss 50

Rationale

• DIXON continues to exhibit a robust bullish structure, with price sustaining above its short, medium and long-term moving averages, confirming a well-established uptrend.

• The recent flag pattern has resolved with an upside breakout, representing a bullish continuation formation and indicating potential for further appreciation.

• The breakout has been accompanied by improving volume, validating buying interest, while the rising 20 DEMA provides dynamic support.

• Price action remains characterized by a sustained sequence of higher highs and lower lows, reflecting demand and absorption of selling pressure.

• Market participants continue to buy declines at progressively higher levels, followed by rebounds on participation.

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SEBI Registration number is INZ00017433