DGKC DG Khan Cement Short Term Analysis 14th March 2018

Under Pressure

Our Pivot: 156.50

Our Preference: Short sell DGKC below 153.00 and average it out till 154.40 with strict stop loss of 157.00 and profit target of 149 on intraday basis while 147 and 143 on short term basis.

Alternate Scenario: Upward penetration of 156.50 would call for 160 and 161.65.

NOTE: DGKC is capped by crossover of a horizontal resistant line with a descending trend line at completion level of its half moon formation. Hourly Stochastic and MAORSI have generated bearish crossovers which would push it in downward direction.

Hourly Chart with Supports and Resistances: