DCL Dewan Cement Limited Daily Analysis 04 August 2016
Caution
Caution
Our Pivot: 17.98
Our Preference: Short sell DCL below 17.25 with strict stop loss of 17.98 and profit target at 16.23.
Alternate Scenario: Upward penetration of 17.98 will call for 18.59.
NOTE: DCL is capped by a negative trend line along with a weekly double top.
Recommendations:
Short sell for very short term below 17.25 with target at 16.23
Chart with Supports and Resistances:
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