DIXON is in a corrective to sideways phase, trading near ₹14,550–14,600 after retreating from its 52‑week high of ~₹19,150, but it still holds above key medium‑ and long‑term moving averages, keeping the broader trend positive. Short‑term momentum is weak with RSI around 35 and negative MACD, while several oscillators show oversold to “outperform” readings, indicating a possible base attempt near current levels. Immediate support is placed at ₹14,320–14,350, with resistance at ₹14,700–14,950; sustaining above support could lead to a relief bounce, whereas a close below it may extend the decline toward lower supports.
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