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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: 577.41
  • 12Day Average: 606.49
  • 20Day Average: 652.79
  • 50Day Average: 735.14
  • 100Day Average: 851.19
  • 150Day Average: 910.77
  • 200Day Average: 850.9

DREDGECORP Indicators & signals

Indicator MACD (12,26,9)

607.42, 658.23, -46.04
Indicator MACD is in negative zone

Indicator ADX (14)

54.55, 9.69, 32.93
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 48
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
25 Tue Feb 2025 561.60 561.00 to 574.45 -0.65% 0.57 times
24 Mon Feb 2025 565.25 561.10 to 580.00 -3.41% 0.52 times
21 Fri Feb 2025 585.20 579.70 to 617.85 -1.87% 1.09 times
20 Thu Feb 2025 596.35 580.00 to 619.00 3.06% 1.72 times
19 Wed Feb 2025 578.65 571.10 to 603.00 0.16% 1.43 times
18 Tue Feb 2025 577.75 559.90 to 599.30 -3.1% 0.99 times
17 Mon Feb 2025 596.25 578.00 to 609.30 -1.71% 0.73 times
14 Fri Feb 2025 606.65 596.95 to 652.65 -5.69% 1.24 times
13 Thu Feb 2025 643.25 640.00 to 661.10 -0.1% 0.28 times
12 Wed Feb 2025 643.90 621.00 to 661.70 -0.13% 1.29 times
11 Tue Feb 2025 644.75 639.00 to 680.35 -4.95% 0.72 times
10 Mon Feb 2025 678.30 671.00 to 717.00 -3.44% 0.51 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 trade for tomorrow is selective. Take a sell trade only if Dredging Corporation of India Limited stays below 573.7, but if it comes above 573.7, then a intra day buy could be more profitable.
If you take a sell trade below 573.7, then use 573.7 as stoploss and 496.2 as target. However if you take a buy trade in Dredging Corporation of India Limited, then use 573.7 as stoploss and 638.26 as target.

More indepth analysis on MunafaSutra.com