Advertisement
Loading...

Dredging Corporation of India Limited

DREDGECORP.BO•BSE
Industrials
Engineering & Construction
₹1192.20
₹118.75(11.06%)
Indian Market opens in 9h 35m
Advertisement

Dredging Corporation of India Limited (DREDGECORP.BO) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Dredging Corporation of India Limited (BSE:DREDGECORP.BO).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

DREDGECORP.BO Technical Analysis Summary

Dredging Corporation of India Limited stock currently shows a bullish trend, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 67.95)
Trend Strength:Moderate (ADX: 21.81)
Volatility:High (ATR: 61.02)
Support/Resistance:$818.43 – $1122.54 (Bollinger Bands)

This mix signals that Dredging Corporation of India Limited is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 67.95

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 72.95

Bullish
Buying momentum building without extremes.

Williams %R: -16.68

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 17.00

Strongly Bullish
Strong upside momentum.

Takeaway:Dredging Corporation of India Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 39.38

Bullish
Bullish, trend momentum is strengthening.

ADX: 21.81

Moderate
Moderate trend, direction gaining strength.

ATR (14): 61.02

Rising
Rising volatility, market activity increasing.

CCI (14): 110.30

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Dredging Corporation of India Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$1122.54
Middle Band (SMA 20)
$970.48
Lower Band
$818.43
Current Position
Above Upper Band

Takeaway:Dredging Corporation of India Limited trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$1111.83
Middle Line (EMA 20)
$989.80
Lower Channel
$867.76
Squeeze Status
No Squeeze

Takeaway:Dredging Corporation of India Limited trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume806.88K
Money Flow Index88.56Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index71.68Bullish, price momentum strongly favors buyers.

Overall Takeaway:DREDGECORP.BO shows overheated money flow, with risk of pullback from overbought conditions.

Technical Trading Signals Summary
Based on the current technical analysis of Dredging Corporation of India Limited, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

MFI above 80 → overbought conditions may limit upside.

Overall Recommendation:Dredging Corporation of India Limited currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

Technical Analysis FAQ