Technical Stock Pick - Buy Dredging Corporation of India Ltd For Target Rs. 475 - HDFC Securities
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Technical Stock Pick - Buy DREDGING CORPORATION Ltd For Target Rs. 475- HDFC Securities
Descending Triangle Breakout on the weekly chart
Volumes have been rising along with the gradual price rise in last four weeks
Stock has been finding support on the upward sloping trend-line adjoining the previous swing lows
21 Weeks EMA has also been coinciding with the trend-line support confirms the bullish trend reversal
Indicators and Oscillators setup has turned bullish on short term charts
Short term moving averages have crossed long term moving averages on the upside
Buy Dredging Corporation of India Ltd Up to 3 months @ Buy between 385-392 CMP 385.80 TGT 475 SL 350
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