DGKC DG Khan Cement Short Term Analysis 22nd Jan. 2019

Rebound Insight

Our Pivot: 73.00

Our Preference: Start buying DGKC from current price and average it out till 77.60 with strict stop loss of 73.00 and profit target at 88 & 92.50 with extension towards 97.60.

Alternate Scenario: Downward penetration of 73 will call for 70 and 67.

NOTE: DGKC is being supported by a rising trend line along with horizontal supportive region at its weekly double bottom. 

Weekly Chart with Supports & Resistances: