DGKC DG Khan Cement short term analysis 14th Oct. 2020

Rebound Insight

Our Pivot: 101.80

Our Preference: Start buying DGKC above 104.56 and average it out till 102.50 with strict stop loss of 101.80 with profit target at 109.30 with extension towards 111.

Alternate Scenario: Downward penetration of 101.80 will call for 97.60.

NOTE: DGKC is caged in a descending wedge on daily chart and its trying to pull back after getting support from supportive trend line of this wedge.

Daily chart with supports & resistances: