DSL Dost Steels Ltd. Mid-Term Analysis 20 March 2017
Rebound Insight
Dost Steels Ltd.Industrial metals and Mining |
Price: 13.87Change: 0.05 2017-03-17 |
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| Open: | 13.82 | 52 Week High: | 20.24 | Market Capitalization Mln: | 4423.43 | ||
|---|---|---|---|---|---|---|---|
| High: | 14.19 | 52 Week Low: | 8.36 | Outstanding Shares. Mln: | 315.73 | ||
| Low: | 13.82 | 52 Week Avg.: | 14.27 | KSE AllShares % Weight-age: | 0.05 | ||
| Close: | 13.87 | 52 Week Max Vol.: | 61765500 | KSE100 % Weight-age: | Not Listed | ||
| Average: | 13.93 | 52 Week Min Vol.: | 0 | KSE30 % Weight-age: | Not Listed | ||
| Volume: | 5374500 | 52 Week Total Vol.: | 1407950000 | Data Last Updated: | 2017-03-16 | ||
Rebound Insight
Our Pivot: 10.43
Our Preference: Start buying DSL above 13.31 and average it out till 12.58 with strict stop loss of 10.43 and profit target at 16.24 and 17.17
Alternate Scenario: Downward penetration of 10.43 will call for 9.71 and 8.61.
NOTE: DSL is moving an upward price channel and right now its getting support from a rising trend line along with horizontal supportive region. It also have completed its weekly 61.85% correction.
Recommendations:
Buy above 13.31 and average out till 12.58 with targets at 16.24 and 17.17.
Weekly Chart with Supports and Resistances:
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