stock : dredgecorp trade : long (cash segment) buy @ 781 above sl @ 724 target 1 @ 920 target 2 @ 1320 target 3 @ 1525 note : this information for education only
Cup of 5 years has been made in DREDGECORP. Perhaps low of handle has been made. Ideally handle's low should be 30% of low of Cup. But handle has made a low of about 25% of Cup's depth. RSI and EMA are good. It might go little more down to be near EMA. Then it might cross the neckline and shoot up.
#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...
📊 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...
Volatility 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...
Volatility 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...
Dredging 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...
BUY DREDGECORP PRICE @ CMP 475.95 17% ROI EXPECTED Buy1 cmp entry @475.95 Target 1 @561.90 ROI 1 @ 17% Buy2 Pending entry @ 390.00 Target 2 @ 561.90 ROI 2 @ 43%% Our Unique Features: ————————————————————— 1. Follow our 15 signals ….10% equity will increase in your account for sure. 2. We are not Trailing stop! or average the trades. 3. 2% Risk Management...
Bounce back after retesting breakout level in Dredging Corporation of India Ltd
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...
- Stage 2 Breakout on weekly Time frame - Validated with Volume - Above Key EMAs - Bullish RSI
Stock has given BO on daily, weekly and monthly chart with good volume, follow chart for proper support and resistance levels.
Inverse Head and Shoulder Pattern CMP: 338 Stop loss: 300 Target 1: 394 Target 2: 450 Timeframe: 3 months
BUY above high of brakeout candle with 1:2 take profit
Something cooking in this script , bull run is going to start & place ur stoploss at 322
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🙏
DREDGECORP is travelling in a channel pattern in monthly time frame...and now it has given a superb breakout with huge volume. seems like big players are getting in... Fundamentally, its coming out of bad results and net cash flow is showing it to us. Note- not a tip nor advice. just for knowledge.