DGKC DG Khan Cement short term analysis 16th Nov. 2020

Further Advance

Our Pivot: 101.90

Our Preference: Start buying DGKC as long as its trading above 105.40 and average it out till 104.20 with strict stop loss of 101.90 and profit target at 110.45 with extension towards 112.40.

Alternate Scenario: Downward penetration of 101.90 will call for 99.00  and 97.60.

NOTE: DGKC is getting support from a strong supportive trend line after retesting resistant trend line of its previous triangle. Meanwhile daily momentum indicators are ready for a bullish crossover.

Daily chart with support & resistances: