DGKC DG Khan Cement Short Term Analysis 25th Sep. 2018

Rebound Insight

Our Pivot: 97.33

Our Preference: Buy DGKC above 100.00 and average it out till 98.60 with strict stop loss of 97.33 and profit target at 105.00 with extension towards 106.80

Alternate Scenario: Downward penetration of 97.33 will call for 95.65 and 94.60.

NOTE: DGKC have completed its correction on hourly chart and right now its going to get a strong support from a horizontal supportive region along with a rising trend line. Hourly momentum indicators are ready for a bullish crossover.

Hourly Chart with Supports and Resistances: