DREDGING CORP breakoutPossible bottom structure in the stock and also inverted head and shoulders pattern , breakout incoming above 450-470 levels , need clean breakout and must sustain above it , need weekly or monthly closing above levels and also a good retest for entry , potential targets of 615/750 levels if goes right , will keep updated of entry and exits in the stock🙏
Dredgecorpanalysis
DREDGECORP - Ichimoku Bullish Breakout Stock Name - Dredging Corporation Of India Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 357
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
# Ichimoku Followers
I hope you all like my analysis.
Please do share your thoughts into comment section.
Please give a like, it motivates me to do analysis.
Dredging Corporation of India Ltd - 31.12.2021Dredging Corporation of India Ltd - 31.12.2021
The stock is trading @ 316 levels
There is a MACD Bullish Divergence in weekly chart
the prices are below ema
let the prices go above 321
stochastic oversold in monthly chart
the prices are at support
watch out for the price action