DGKC DG Khan Cement Short Term Analysis 12th Sep. 2018

Upside Prevails

Our Pivot: 97.60

Our Preference: Buy DGKC above 102.10 and average it out till 100.30 with strict stop loss of 97.60 and profit target at 109.70 with extension towards 112.10

Alternate Scenario: Downward penetration of 97.60 will call for 95.65 and 94.60.

NOTE: DGKC is trying to bounce back after completing its 74.6% correction on daily chart and it's being supported by a strong horizontal supportive region along with a supportive trend line. Daily and Hourly momentum indicators have generated bullish crossovers and they would try to lead it towards 109.70 at least.

Daily Chart with Supports and Resistances: