The Dixon Technologies stock rebounded from its support near Rs 15,953, with resistance around Rs 17,295. It trades below its 20-day and 50-day EMAs of Rs 17,391 and Rs 15,869, signalling short-term weakness. However, staying above the 100-day EMA at Rs 14,417 reflects medium-term support, suggesting potential stability despite recent challenges in the shorter timeframe.
Market to turn highly selective after mixed earnings season: Dipan Mehta
Dipan Mehta of Elixir Equities notes a mixed earnings season with disappointments in major sectors like banking and software. However, urban consumption shows promising signs