DGKC DG Khan Cement short term analysis 28th Dec. 2020

Turning Down

Our Pivot: 116.95

Our Preference: Short sell DGKC below 114.50 with strict stop loss of 116.95 and profit target at 111.75 with extension towards 109.40.

Alternate Scenario: Upward penetration of 116.95 will call for 118.50 and 119. 

NOTE: DGKC is being capped by resistant trend line of its bullish price channel on hourly chart along with a descending trend line on daily and weekly charts.

Chart with supports & resistances: