DGKC DG Khan Cement Ltd Short Term Analysis 4th May 2020

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Turning Down

Our Pivot: 101

Our Preference: Start short selling DGKC below 91.60 and average it out till 97.60 with strict stop loss of 101 and profit target at 78.81 with extension towards 72.60.

Alternate Scenario: Upward penetration of 101 would call for 107 and 111 therefore cut and reverse at that region would be beneficial.

NOTE: DGKC is being capped by strong resistant trend line along with a three consecutive horizontal resistant regions. Mean while weekly momentum indicators are trying to change their direction.

Weekly Chart with Supports & Resistances:

DGKC 42
Overview
Quick Snapshot
Free Float

219,059,559

O/S Shares

438,119,097

Market Cap. (m)

0.00

Var Value

15.00

Hair Cut

22.50

Last Price

86.65

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports85.6784.6983.77
Resistances87.5788.4989.47
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
-3.95
-5.27
QTD Price Return
-3.95
-5.27
3M Price Return
-8.19
-10.34
6M Price Return
-8.95
-11.19
9M Price Return
-44.45
-38.48
YTD Price Return
-11.45
-13.88
1Y Price Return
-50.95
-41.76
3Y Price Return
-2.84
-3.84
5Y Price Return
-148.95
-67.70

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