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DREDGING CORP OF INDIADREDGING CORP OF INDIADREDGING CORP OF INDIA

DREDGING CORP OF INDIA

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DREDGECORP trade ideas

DREDGECORP - Breaking Monthly/Weekly TrendlineDREDGECORP had a nice breakout today with huge volume thus breaking a Weekly/Monthly trendline. If the trend were to continue tomorrow, we should see 525/550 on this. 550-580 is a Supply Zone, so I expect some stop over or pullback. Above this area would be 600/650 targets On the downside, I see the first support level @ 575. We do have a demand zone below 550-540 if 575 is lost where I think the price should hold. This will also be a breakout trendline test if we were to come down In short, trend continuation should give us 525/550/580 on the down side, 475 first and below that we got 450
NSE:DREDGECORPLong
by adkis
Dredging Corp climbing up and looking goodEntry in Dredging corporation can be taken after closing above 399. The target for the stock will be 425 and 456. 341 can be considered as the stop loss for the company. Dredging Corporation is a company which was seeing a decline in net cash flow off late but in the recent results it’s cash generation ability is increasing again. Dredging Corp is a company low debt and Zero promoter pledge which is picking up technical momentum too off late.
NSE:DREDGECORPLong
by Happy_Candles_Investment
DREDGECORP - ASCENDING TRIANGLE BREAKOUT & RE-TEST STRUCTURE he above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Best Entry would be between 325 to 340. Trade set up is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management. Feel Free to comment for any query or suggestion regarding this stock or Price Action Analysis. Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
NSE:DREDGECORPLong
by AdityaKarn90