Stock analysis Dredging Corporation of India Limited DREDGECORP

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Moving Averages for Dredging Corporation of India Limited

5Day Average: 834.39
12Day Average: 898.45
20Day Average: 941.64
50Day Average: 1077.37
100Day Average: 983.36
150Day Average: 845.05
200Day Average: 755.23

DREDGECORP Indicators & signals

Indicator MACD (12,26,9)

888.35, 951.17, -56.44
Indicator MACD is in negative zone

Indicator ADX (14)

16.36, 22.94, 31.91
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 41
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of DREDGECORP Dredging Corporation of India Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
26 Tue Nov 2024	884.30	852.20 to 889.25	4.41%	2.47 times
25 Mon Nov 2024	846.95	825.20 to 846.95	5%	0.41 times
22 Fri Nov 2024	806.65	800.00 to 824.40	0.12%	0.89 times
21 Thu Nov 2024	805.65	798.00 to 830.00	-2.75%	1.07 times
19 Tue Nov 2024	828.40	815.00 to 862.30	0.61%	1.27 times
18 Mon Nov 2024	823.40	819.60 to 848.70	-4.56%	2.73 times
14 Thu Nov 2024	862.70	862.70 to 862.70	-5%	0.36 times
13 Wed Nov 2024	908.10	908.05 to 964.65	-4.99%	1.13 times
12 Tue Nov 2024	955.80	952.20 to 1019.00	-3.15%	0.99 times
11 Mon Nov 2024	986.90	982.10 to 1019.90	-2.42%	0.75 times
08 Fri Nov 2024	1011.40	1008.10 to 1070.00	-4.69%	0.4 times
07 Thu Nov 2024	1061.15	1030.05 to 1085.00	0.51%	0.91 times

Technical analysis forecast for Dredging Corporation of India Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Dredging Corporation of India Limited DREDGECORP at this time. Stock is falling and might fall more.

It appears as if Dredging Corporation of India Limited DREDGECORP gave a large move recently.

Stock of Dredging Corporation of India Limited (DREDGECORP) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Dredging Corporation of India Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 841.8 as stoploss in an intra day buy trade for a target of 927.98. However, stock will show a bearish move below 841.8.

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