Dredging Corporation of India – Technical Analysis

The stock

of India is showing a short-term bearish trend after declining from the ₹1150–1200 zone toward ₹885. The chart shows lower highs and lower lows indicating continued selling pressure. The latest candle closed at ₹884.95, down 2.22%, and the price is approaching an important support area. Support & Resistance: Immediate support is around ₹870–885. If this zone breaks decisively the next support could be ₹830–850 followed by ₹800–815. On the upside, ₹920–940 is the first resistance zone followed by ₹980–1000. A sustained move above ₹940 would be an initial sign of improving momentum. Short-Term Buyers & Holders View: Short-term participants should monitor whether the stock holds ₹870–885 and forms a reversal pattern. A recovery above ₹940 with strong volume could improve the short-term structure. However a breakdown below ₹870 may extend the decline toward lower support zones. Holders can watch for a shift from lower highs and lower lows to a stronger price structure.