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dredging corporation

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1 dredging corporation on 22nd May 2011, 12:59 pm

ashrafvahora


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pl. look this stock for longer term basis
also pl. gave me your valuable feedback what trgt you anyalasis for 3 month time frame

ashraf vahora

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2 Re: dredging corporation on 22nd May 2011, 1:35 pm

VIRAL RATHOD

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Hello ashrafvahora,

Dredging Corporation is looking weak on chart. If you see the daily chart of this stock, stock is not giving close above descending channel since last one year. even it is in head and shoulder formation which is bearish for the stock.

I can only suggest go long if stock manage to close above 340.

316-320 is last support for this stock below that we may see more downside.

Trade according to both levels 320 & 340.
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Viral Rathod
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