DGKC DG Khan Cement short term analysis 27th Oct. 2020

Further Advance

Our Pivot: 112.00

Our Preference: Start buying DGCK from current price and average it out till 114.70 with strict stop loss of 112.00 and profit target at 119 with extension towards 121.50.

Alternate Scenario: Downward penetration of 112 will call for 111 and 109. 

NOTE: DGKC have given breakout of its descending wedge in upward direction on daily chart.

Daily chart with supports & resistances: