Dredging Corporation of India – 1W

Trend: Strong bullish recovery from the 500 base, followed by higher highs and higher lows. Price is now approaching a major supply zone again. Support & Resistance: Support: 968 – 950, then 800 Resistance: 1,210 – 1,250 (Fresh Breakout Zone) Expected Move: Above 1,210, the stock enters a fresh price discovery phase. Failure here could lead to a pullback toward 950–1,000. Short Fundamentals Summary: DCI is a monopoly PSU in dredging, benefiting from port expansion, coastal infrastructure development, and increased government spending. Final Verdict: Strong trend stock. Needs confirmation above 1,210 for continuation.