Dredging Corp nearing support levels which has been only moving in the down trend since few weeks. Can see the support levels of around 935 which is around 35% of the fall from high. Another support from the downward channel is around the levels of 40% of around 890 . Expecting it to shoot up a bit after it reaches the support levels. This does not confirm the...
Stock has given BO on daily, weekly and monthly chart with good volume, follow chart for proper support and resistance levels.
Possible 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🙏
Dredging Corp Hourly looks bullish , it has trendline breakout, Good to buy at retracement near 330 for target of 357 with sl below 318
Dredging corp taking support near 320, 100pts upside expected, with SL below the support line.
Dredging 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
Medium Term Trade(2-3 Months): Dredging Corp is on the verge of breakout from a cup and handle pattern. Buy: Dredging Corp CMP: 429 Target 1: 530 Target 2: 550 Stop Loss: 400