DGKC DG Khan Cement short term analysis 21st Oct. 2020

Further Advance

Our Pivot: 107.00

Our Preference: Start buying DGKC above 110 and average it out till 109.50 with strict stop loss of 107.00 with profit target at 113 with extension towards 115.

Alternate Scenario: Downward penetration of 107.00 will call for 104.00 and 101.

NOTE: DGKC have given bullish breakout of its descending wedge on daily chart and a triangle on hourly chart, mean while hourly Stochastic and MAORSI are moving in bullish direction.

Daily chart with supports & resistances: