Rachit_Sethia

#DREDGECORP CMP428.25 Target 480 #ModiSpeech #PMModi #ADANIGROUP

Long
NSE:DREDGECORP   DREDGING CORP IND
Weekly Chart
#DREDGECORP
NSE: DREDGECORP
Short Term Quick Profit
CMP 428.25
Target: 480
SL : 402
Timeframe < 45 Days


ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!

Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.

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With 💚 from Rachit Sethia

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