DGKC DG Khan Cement Short-Term Analysis 11th Mar. 2020

Turning Down

Our Pivot: 97.60

Our Preference: Short sell DGKC below 90.00 and average it out till 93.80 with strict stop loss of 97.60 and profit target at 78.60 with extension towards 70.80.

Alternate Scenario: Upward penetration of 97.60 will call for 101.30 and 111.00.

NOTE: DGKC is being capped by crossover of an ascending trend line with a horizontal resistant line on daily and weekly charts, meanwhile 76.4% correction of its last bearish rally have been completed on weekly chart.

Daily chart with supports & Resistances: