Monthly chart of Dixon Technologies looks super bullish from Elliott Wave perspective. Long term impulse wave that started around 400 in August 2019 ended in October 2021 after making an all time high at 6243.
Since then, stock has been in correction mode and seem to have completed zigzag (abc) correction in June this year. The move up since July looks impulsive so far which means we may have started the long term wave 3.
If we go by wave equality, wave 3 target should be 63690 at the minimum. Yeah that number is right, even though it looks very far fetched. If my wave counts are right then this target is definitely a possibility.
