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padiyara
Apr 20, 2017 9:02 PM

Dredging corpn:674 Pole & flag pattern Target 1000 Long

DREDGING CORP INDNSE

Description

Dredging corpn:674. A pole & flag pattern formation associated with huge volume shows strong bullishness with high relaiabilitty. Breakout from the channel can see a movement equal to the pole height.Target 1000. stop loss:660

Comment

Below 660 it can come down to 550 or even 62% of the current swing comes around 500
The divestment party made a new high, may be, the further strike and protest kill the enthusiasm.
But anyway the stock is undervalued and worth investing in for a target 1000_1200.
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