F&O Radar | Deploy Broken Wings strategy in Dixon Tech to gain from bullish outlook

Dixon Tech: An overview

Dixon Technologies (India) Limited is a leading manufacturer of consumer durables, lighting products, and mobile phones in India. The company has a strong presence in the Indian market and has been growing at a healthy pace in recent years. Dixon Tech's stock has been performing well in the stock market and has outperformed the benchmark indices.

F&O Radar's Broken Wings strategy

F&O Radar is a leading provider of technical analysis and advisory services in India. The company's Broken Wings strategy is a unique trading strategy that has been developed by its team of experts. The strategy is based on the principle of mean reversion, which states that the price of a stock will eventually revert to its mean or average price. The Broken Wings strategy involves identifying stocks that have fallen sharply from their recent highs and are trading below their moving averages. The strategy then involves buying the stock at a discount to its intrinsic value and holding it until it reverts to its mean price.

Dixon Tech: A good candidate for the Broken Wings strategy

Dixon Tech is a good candidate for the Broken Wings strategy because it has fallen sharply from its recent highs and is trading below its moving averages. The stock is also trading at a discount to its intrinsic value. The Broken Wings strategy can be deployed in Dixon Tech by buying the stock at current levels and holding it until it reverts to its mean price. The target price for the stock is Rs. 5,000. The stop loss for the trade is Rs. 4,000.

Conclusion

The Broken Wings strategy is a unique trading strategy that can be used to profit from mean reversion. Dixon Tech is a good candidate for the Broken Wings strategy because it has fallen sharply from its recent highs and is trading below its moving averages. The target price for the stock is Rs. 5,000. The stop loss for the trade is Rs. 4,000.