Bullish on DREDGE CORP Swing trade idea for coming week
DREDGE CORP
BUY 565+
SL 529
Target 775+
Expected RR 1:5++
DISCLAIMER - We are not responsible for your profit and loss, it's only for education purpose analysis.
16.05INR
125.58 MINR
11.65 BINR
7.43 M
About DREDGING CORPORATION OF INDIA
Sector
Industry
CEO
Durgesh Kumar Dubey
Website
Headquarters
Visakhapatnam
Employees (FY)
637
Founded
1976
ISIN
INE506A01018
FIGI
BBG000D3CFP4
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.
Dredingcorp on a monthly timeframeDredingcorp on a monthly timeframe give strong breakout inverse head& shoulder pattern with pullback
DREDGECORP - Inverted Head and Shoulder Strong bullish pattern inverted head and shoulder with depth of 70 points in head.
Strong buy between 330-340
Immediate support right shoulder low - 300-308
Immediate target shoulder depth i.e. 30-40 points
Final target 400+
Sustaining above 400 can give us great move in future
DREDGECORP - Breaking Monthly/Weekly TrendlineDREDGECORP had a nice breakout today with huge volume thus breaking a Weekly/Monthly trendline. If the trend were to continue tomorrow, we should see 525/550 on this. 550-580 is a Supply Zone, so I expect some stop over or pullback. Above this area would be 600/650 targets
On the downside, I see th
Dredging Corp climbing up and looking goodEntry in Dredging corporation can be taken after closing above 399. The target for the stock will be 425 and 456. 341 can be considered as the stop loss for the company. Dredging Corporation is a company which was seeing a decline in net cash flow off late but in the recent results it’s cash generat
Dredging Corporation of India Ltd - 23.12.2021Dredging Corporation of India Ltd - 23.12.2021
The stock is trading @ 322 levels
There is a MACD Bullish Divergence in Weekly Chart
Prices are above EMA
Spinning Top in weekly chart
let the prices go above 326
watch out for the price action
DREDGECORP - ASCENDING TRIANGLE BREAKOUT & RE-TEST STRUCTURE he above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Best Entry would be between 325 to 340. Trade set up is explained in image itself.
The above analysis is purely f
Dredging Corp (BSE: India) forming Cup with handleWith this analysis, we could find that the Dredging Corp is forming Cup with handle and looking for an uptrend with the economy being opening...
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Frequently Asked Questions
The current price of DREDGECORP is 790.10 INR — it has decreased by 2.84% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on BSE exchange DREDGING CORPORATION OF INDIA stocks are traded under the ticker DREDGECORP.
DREDGING CORPORATION OF INDIA is going to release the next earnings report on May 27, 2024. Keep track of upcoming events with our Earnings Calendar.
DREDGECORP stock is 5.51% volatile and has beta coefficient of 0.29. Check out the list of the most volatile stocks — is DREDGING CORPORATION OF INDIA there?
Yes, you can track DREDGING CORPORATION OF INDIA financials in yearly and quarterly reports right on TradingView.
DREDGECORP stock has risen by 7.50% compared to the previous week, the month change is a 22.50% rise, over the last year DREDGING CORPORATION OF INDIA has showed a 155.70% increase.
DREDGECORP net income for the last quarter is 272.26 M INR, while the quarter before that showed 167.74 M INR of net income which accounts for 62.30% change. Track more DREDGING CORPORATION OF INDIA financial stats to get the full picture.
Today DREDGING CORPORATION OF INDIA has the market capitalization of 23.11 B, it has increased by 3.92% over the last week.
DREDGING CORPORATION OF INDIA dividend yield was 0% in 2022, and payout ratio reached 0%. The year before the numbers were 0% and 0% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
Like other stocks, DREDGECORP shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade DREDGING CORPORATION OF INDIA stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 19, 2024, the company has 637.00 employees. See our rating of the largest employees — is DREDGING CORPORATION OF INDIA on this list?
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So DREDGING CORPORATION OF INDIA technincal analysis shows the buy rating today, and its 1 week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating DREDGING CORPORATION OF INDIA stock shows the buy signal. See more of DREDGING CORPORATION OF INDIA technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. DREDGING CORPORATION OF INDIA EBITDA is 2.09 B INR, and current EBITDA margin is 15.03%. See more stats in DREDGING CORPORATION OF INDIA financial statements.