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Dredging Corporation of India LimitedDredging Corporation of India LimitedDredging Corporation of India Limited

Dredging Corporation of India Limited

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DREDGECORP trade ideas

Dredging Corp following the resistance line nearing breakout Dredging Corp has been on downtrend since quite some time and with that it has been showing respect on the resistance line. With continuous move near the resistance levels there are chances on a move it would break the resistance line and move out of that resistance range . If it crosses we can see some good move considering volumes are supporting it. Levels to watch are 930 and if it crosses it decisively then can go on and reach the levels of previous resistances levels of 998-1064. No recommendations, just my view based on chart pattern.
NSE:DREDGECORPLong
by viki9
Dredging Corp nearing support levelsDredging 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 real trend though. Just need to wait for chart pattern on the daily time frames to confirm the pattern with doji kind of pattern for it to shoot up around the levels of 1100. The stock has given abrupt returns in the past so not enough conviction to fall more after those levels. No recommendations, just my view based on chart pattern.
NSE:DREDGECORPLong
by viki9
4
Dredging Corporation Of India Ltd - Breakout Setup, Move is ON..#DREDGECORP trading above Resistance of 1176 Next Resistance is at 2118 Support is at 884 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:DREDGECORPLong
by MandeepSinghKohli
Dredging Corporation Of India Ltd - Long Setup, Move is ON...#DREDGECORP trading above Resistance of 749 Next Resistance is at 1176 Support is at 616 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:DREDGECORPLong
by MandeepSinghKohli
DREDGECORP | Swing Trade📊 DETAILS Sector: Ports Mkt Cap: 1,386 cr Dredging Corporation of India Limited (DCI) is engaged in providing integrated dredging services to ports, Indian Navy and other maritime organizations in India. TTM PE : 43.88 (Average PE) Sector PE : 78.61 Beta : 1.52 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 13.53% away from 52 week high Underperformer - Dredging Corporation India down by -5.34% v/s NIFTY 50 down by -0.29% in last 1 month 📈 FINANCIALS Piotroski Score of 7/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:DREDGECORPLong
by Munish_Jain
DREDGECORPVolatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation. It has the following characteristics: The Stock must be in stage 2 uptrend. A period of price consolidation must take place in thebase. Price consolidation occurs after a stock has moved up in the price, the consolidation (or correction) is a constructive chart pattern that allows the stock to digest the bullish price movement. Price volatility must contract through the base (from left to right). During this period of price consolidation the stock price will correct. Price must correct through a series of smaller contractions. Each contraction should be tighter than the last, representing the absorption of more weak holders. Ideally this pattern has between2-4 contractions.
NSE:DREDGECORPLong
by lokeshparihar
DREDGECORPVolatility Contraction Pattern is popularized by Mark Minervini, who is a two times US Investing Champion. Last year he won the championship with a record-beating 300+% in the year. He primarily uses VCP for his trading setups. It is a twist on the ascending triangle pattern with some variation. It has the following characteristics: The Stock must be in stage 2 uptrend. A period of price consolidation must take place in thebase. Price consolidation occurs after a stock has moved up in the price, the consolidation (or correction) is a constructive chart pattern that allows the stock to digest the bullish price movement. Price volatility must contract through the base (from left to right). During this period of price consolidation the stock price will correct. Price must correct through a series of smaller contractions. Each contraction should be tighter than the last, representing the absorption of more weak holders. Ideally this pattern has between2-4 contractions.
NSE:DREDGECORPLong
by lokeshparihar
Dredging Corp Long term patternDredging Corp indicating formation of a very long term triangle pattern. It has been a slow performer since many years and the chart pattern is a month based timeframe chart. Volume in the recent move has moved the price up and seem to be forming that triangle pattern. Should cross the levels of 565 with decisive volumes and sustain to see some good move. Up levels after crossing those levels are 660 and with correction and taking supporn the the downward line can go for levels 661-778-886-984-1193. No recommendations, just view on the chart based on chart pattern.
NSE:DREDGECORPLong
by viki9
1
Stock Gives Breakout After 5 Years. Ready for Boom.DredeCorp gives breakout after 5 years with high volume on daily timeframe. all stocks relaetd to shipping gives multiyear breakout at current time. please refer SCI chart analysis that was posted sometime ago. DredgeCorp have a potential to give 30%-40% return in medium term (6-8 month). please wait for some more correction and enter at 480 to 500 level. current price = 511. 1st Target = 550 2nd Target = 630 3rd Target = 740. stop loss = 450(closing basis). NSE:DREDGECORP
NSE:DREDGECORPLong
by The_Breakout