DGKC DG Khan Cement Short-Term Analysis 3rd Dec. 2019

Turning Down

Our Pivot: 82.60

Our Preference: Start Short selling DGKC below 77.70 and averge it out till 79.30 with strict stop loss of 82.60 and profit target at 69.70 with extension towards 62.50

Alternate Scenario: Upward penetration of 82.60 will call for 87.30 and 90.00.

NOTE: Weekly moemtnum indicators are ready for a bearish crosover and its also being capped by a descending trend line along with a horizontlal resistant region.

Weekly Chart with Supports & Resistances: