Monday, 21 March 2016

Dredging Corporation of India Ltd.- Tomorrow's stock for intraday trading

        Dredging Corporation is looking very strong on the chart. It is in strong grip of bull. It is closed on Rs.375/- with huge volume i.e. is almost 26 times more than its monthly average volume. One should buy this stock for intraday view with  strict stoploss of Rs.367/- for immediate 1st target of Rs.378/- 2nd target of Rs.384/- and 3rd target of Rs.390/-. In the current momentum the stock may test the level of Rs.415 to Rs.425/- in very short term. Short term traders should hold it with above said stoploss for almost 15% return from here.The whole sector is showing good momentum. One should hold it patiently. Today the stock has successfully closed  above its 200 days moving average.

 I am not registered with SEBI and also not have any financial interest over any particular stock. Here  I share only my personal views and ideas of trading and investing in the Indian stock market. Before investing or trading one should consult his professional adviser or should take his own decision. I/blog author will not be responsible for any loss or profit due to trade or invest through effecting by my ideas or views. Before trading or investing one should apply his own mind or consult his professional financial adviser.
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