dredging corporation

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

ashrafvahora

New Friend

Posts : 1
Join date : 2011-05-21

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

VIRAL RATHOD · 2 Re: dredging corporation 22nd May 2011, 1:35 pm

VIRAL RATHOD

Global Moderator

Posts : 409
Join date : 2011-05-08
Location : MUMBAI

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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Regards,
Viral Rathod
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dredging corporation

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

ashrafvahora

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

VIRAL RATHOD