The Moving Average Convergence Divergence (MACD) indicator presents a bullish stance on the weekly chart, while the monthly chart shows a mildly bearish signal. Relative Strength Index (RSI) readings for both weekly and monthly periods do not currently indicate a definitive trend. Bollinger Bands suggest bullish momentum on both weekly and monthly scales, supporting the recent price strength. Daily moving averages align with a bullish outlook, reinforcing short-term upward momentum.
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Additional technical tools such as the Know Sure Thing (KST) indicator show bullish tendencies on a weekly basis but mildly bearish on the monthly chart. Dow Theory analysis presents a mildly bearish weekly signal contrasted by a mildly bullish monthly signal, indicating some divergence in trend strength across timeframes. On-Balance Volume (OBV) data reveals no clear trend weekly but a bullish pattern monthly, suggesting accumulation over a longer horizon.
From a price perspective, the stock’s 52-week high is ₹969.95, while the low is ₹494.75, highlighting a wide trading range over the past year. Today’s intraday range has been between ₹770.05 and ₹805.00, with the current price near the upper end of this range. Market capitalisation grading remains modest, reflecting the stock’s position within the miscellaneous sector.
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Examining returns relative to the Sensex provides further context. Over the past week, Dredging Corporation of India’s stock return was -4.64%, contrasting with the Sensex’s 0.96%. However, over the last month, the stock recorded a 33.07% return, significantly outpacing the Sensex’s 0.86%. Year-to-date and one-year returns for the stock stand at -3.70% and -2.68% respectively, while the Sensex posted 8.36% and 9.48% over the same periods. Longer-term performance shows the stock outperforming the Sensex over three and five years, with returns of 95.65% and 204.39% compared to the Sensex’s 37.31% and 91.65%. Over ten years, the stock’s return of 127.97% trails the Sensex’s 232.28%, indicating varied performance across time horizons.
The recent adjustment in the stock’s evaluation, reflected in a change of its Mojo Grade from Sell to Hold on 13 Nov 2025, coincides with the technical trigger dated 19 Nov 2025. This adjustment suggests a revision in the assessment of the stock’s momentum and underlying technical parameters, aligning with the observed shifts in indicators such as MACD, Bollinger Bands, and moving averages.
Investors analysing Dredging Corporation of India should consider the mixed signals across different technical indicators and timeframes. While short-term momentum appears bullish, some monthly indicators suggest caution. The stock’s price remains below its 52-week high, and recent returns show variability when compared to broader market benchmarks like the Sensex. These factors collectively highlight the importance of a nuanced approach when evaluating the stock’s near-term prospects.
Overall, the technical parameter changes for Dredging Corporation of India reflect a dynamic market environment with evolving momentum. The interplay of bullish and mildly bearish signals across weekly and monthly charts underscores the need for ongoing monitoring of price action and volume trends to better understand potential future movements.
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