DGKC DG Khan Cement Mid Term Analysis 11 Dec. 2017

Rebound Insight

Our Pivot: 125

Our Preference: Buy DGKC above 133.50 with strict stop loss of 125 and profit target at 164.50 and 169.80.

Alternate Scenario: Downward penetration of 125 would call for 109.90.

NOTE: DGKC have supportive region ahead at 133.50 which falls on a horizontal supportive region and a supportive trend line is also ahead to support it.

Weekly chart with supports and resistances: