DGKC D.G Khan Cement Short Term Analysis 12th June 2019

Rebound Insight

Our Pivot: 45

Our Preference: Start buying DGKC above 50.30 and average it out till 47.50 with strict stop loss of 45 and profit target at 60 and 67.

Alternate Scenario: Downward penetration of 45 will call for 42 & 39 Rs.

NOTE: DGKC is moving in a downward wedge on weekly chart while daily and weekly momentum indicators are bullish mode and it's expected that it would bounce back from its weekly double bottom.

Weekly Chart with Supports & Resistances: