NSE:DREDGECORP Go long on Dredging Corporation for a target of 500 in 30 trading days with a stop loss of 365. Price breakout at pennant -flag patter with increasing volume, RSI moving up and MACD line crossing MACD signal line. All positive triggers.
Go long if PDH is broken at PDH with SL at PDL ,
Short at PDL if PDL is broken, with SL at PDH
PDH - 473.7
PDL - 453.5
If it gaps, watch the firs 5 min candle, then follow ORB
dredging corp(monthly candlestick) trading near resistance
& macd> macdSignal and rsi is increasing.
will it cross and reach to its all tym high or will close below facing resistance.
Any views?
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
Dredging Corp. of India Ltd. engages in the business of dredging. Its services include capital dredging, maintenance dredging, beach nourishment, land reclamation, shallow water dredging, project consultancy, and marine construction. The company was founded on March 29, 1976 and is headquartered in Visakhapatnam, India.
DREDGECORP
![DREDGECORP: [Intraday] Inside bar DREDGWCORP](https://s3.tradingview.com/d/dWoI10zr_mid.png "[Intraday] Inside bar DREDGWCORP")
