DGKC DG Khan Cement Short term Analysis 17th Apr. 2020

Further Advance

Our Pivot: 72.00

Our Preference: Start buying DGKC above 74.00 and average it out till 77 with strict stop loss of 72.00 and profit target at 82.00 Rs while breakout above this region would call for 85 and 87 with extension towards 90.

Alternate Scenario: Downward penetration of 72.00 will call for 70.00. while breakout below that region would call for 67 and 62.

NOTE: DGKC is being supported by a rising trend line on daily chart along with two strong horizontal supportive regions.

Daily Chart with Supports & Resistances: