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 Corporation of India Limited is engaged in dredging. The Company is engaged in maintenance dredging, capital dredging, beach nourishment, land reclamation, shallow water dredging, project management consultancy and marine construction. It owns a fleet consisting of approximately three Cutter Suction Dredgers and over 10 Trailer Suction Dredgers. Its Cutter suction Dredgers and Trailer Suction Hopper Dredgers, such as Dredge-XII, Dredge-XIV, Dredge-XVI, Dredge-XVII, Dredge-XIX, Dredge-XX and Dredge-XXI, are capable of reclamation purposes. Its Dredge-XII and Dredge-XIV are capable of shore pumping up to 2,400 meters (m), and Dredge-XVI, Dredge-XVII, Dredge-XIX, Dredge-XX and Dredge-XXI are capable of shore pumping up to 2,500 m and rain bowing facility. Its projects include maintenance dredging of Naval Channel at Ernakulam; capital dredging to deepen the CICTPS, CB 1 and 2 berths and its approaches at Kamarar Port, and dredging in the Vanakbara Creek - Daman Diu.
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DREDGECORP
![DREDGECORP: [Intraday] Inside bar DREDGWCORP](https://s3.tradingview.com/d/dWoI10zr_mid.png "[Intraday] Inside bar DREDGWCORP")
