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Stock analysis Dredging Corporation of India Limited DREDGECORP

More indepth analysis on MunafaSutra.com

Moving Averages for Dredging Corporation of India Limited

  • 5Day Average: 803.4
  • 12Day Average: 809.48
  • 20Day Average: 808.52
  • 50Day Average: 671.31
  • 100Day Average: 575.87
  • 150Day Average: 525.18
  • 200Day Average: 476.59

DREDGECORP Indicators & signals

Indicator MACD (12,26,9)

801.15, 761.7, 50.79
Indicator MACD is in positive zone

Indicator ADX (14)

14.74, 24.5, 18.2
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 59
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
03 Fri May 2024 789.35 781.60 to 816.85 -2.54% 0.49 times
02 Thu May 2024 809.90 792.00 to 820.00 3.35% 0.8 times
30 Tue Apr 2024 783.65 780.00 to 818.75 -3.18% 0.52 times
29 Mon Apr 2024 809.40 806.05 to 838.00 -1.86% 0.39 times
26 Fri Apr 2024 824.70 820.05 to 848.80 -0.72% 0.58 times
25 Thu Apr 2024 830.65 801.75 to 862.55 -1.58% 0.84 times
24 Wed Apr 2024 843.95 827.00 to 855.85 2.38% 1.02 times
23 Tue Apr 2024 824.30 809.95 to 844.00 6.1% 0.81 times
30 Tue Jan 2024 776.90 753.10 to 788.50 0.27% 1.39 times
29 Mon Jan 2024 774.80 752.75 to 848.40 -4.98% 2.75 times
25 Thu Jan 2024 815.45 802.20 to 845.05 -1.84% 0.89 times
24 Wed Jan 2024 830.75 781.20 to 840.00 3.57% 2.28 times

Technical analysis forecast of Dredging Corporation of India Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Dredging Corporation of India Limited DREDGECORP at this time. Stock is rising and might rise 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 above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Dredging Corporation of India Limited is bullish for shortterm, and stock might move up till 834.3 or till 898.9. Use a stoploss of 780.5 and if this stock hits its stoploss, then it can fall down till 726.67

More indepth analysis on MunafaSutra.com