Dixon Technologies (India) Ltd rebounded from an Elliott Wave support area after a correction. The move suggests wave IV may have ended and an upward wave V may have started. <\/p>\n
Wave IV is described as completing within a support zone between the 50% and 61.8% Fibonacci retracement of wave III. The pullback followed a corrective ((A))-((B))-((C)) pattern and ended inside this zone. <\/p>\n
Price then turned higher from the same area, which is used in this framework as a trend continuation signal. The next phase is mapped as wave V, with smaller pullbacks expected within it as wave ((1)) and ((2)) sequences. <\/p>\n
Two Fibonacci-based targets are set for wave V. The minimum target is 21,528, based on a 1.236 external retracement of wave IV, described as roughly 80% upside from recent levels, and an extended target is near 24,800. <\/p>\n
The scenario is considered valid while price remains above the blue box support zone. A sustained move below that zone would require the wave count to be reviewed.<\/p>\n
The bullish structure we identified has developed as anticipated, with price moving decisively off the major support zone seen last year. That technical rebound confirmed the end of the corrective Wave IV, and the market is now showing early signs of the powerful Wave V advance. The price action since late 2025 validates the view that institutional accumulation occurred within that key Fibonacci support area.<\/p>\n
Recent fundamental data further strengthens this technical outlook, as the company reported a 22% year-over-year revenue growth in its Q3 earnings release last month. This was driven by new contracts in the mobile manufacturing division and continued benefits from the government’s Production-Linked Incentive (PLI) scheme. The market is clearly pricing in this sustained operational performance.<\/p>\n
Given the current momentum, implied volatility on near-term options has started to climb, which makes buying calls outright more expensive. We view any short-term dips or consolidations as opportunities to enter bullish positions at better prices. Looking back at the brief pullback in the final quarter of 2025, we saw it as a classic wave ((2)) setup, which offered an ideal entry before the current acceleration.<\/p>\n
For the coming weeks, purchasing call options with expirations in April or May provides a direct way to benefit from the expected upward trend. Traders might also consider bull call spreads to lower the initial cost and define risk, a sensible approach after the recent upward move. These strategies are well-suited to capture momentum as the stock heads toward the initial 21,528 target.<\/p>\n
The broader outlook remains pointed toward the 24,800 region, though this will likely be a multi-month journey. The primary risk to this entire structure is a move back down through the support zone established last year. As long as price remains above that critical floor, the path of least resistance is firmly to the upside.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dixon Technologies rebounded from Fibonacci support, signalling wave IV end and wave V start, targeting 21,528\u201324,800.<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-42001","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\n\t\t