Chart Check: After over 50% rally in a month, should you book profits or buy this consumer electronic stock?

Dixon Technologies’ stock has surged 50% in a month on strong volumes, and experts believe the rally may continue. The momentum helped the stock climb above the 50- and 200-day moving averages on the daily charts. However, the Relative Strength Index (RSI) indicates that the stock is in the overbought zone. Short-term traders should look for opportunities to add the stock on declines for a potential target above INR6,000 ($81) in the next three months. Dixon’s stock is trading above the upper Bollinger Band, indicating a volatility and uptrend breakout. Volumes have also been above average since May.