Turning Down
Our Pivot: 106.30
Our Preference: Short sell DGKC below 97.60 and average it out till 99.60 with strict stop loss of 106.30 and profit target at 84.20 with extension towards 80.
Alternate Scenario: Upward penetration of 106.30 will call for 111 and 113.57
NOTE: DGKC is being capped by a descending trend line at its 61.8% correction of previous bearish rally along with a strong horizontal resistant region at completion of its gap. Weekly momentum indicators are loosing strength and it can start expansion of its correction.
Weekly Chart with Supports & Resistances:
DGKC 42
Level | 1st | 2nd | 3rd | Supports | 150.23 | 145.80 | 143.44 | Resistances | 157.02 | 159.38 | 163.81 |
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