DGKC D.G Khan Cement Mid Term Analysis 23rd July 2019

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Rebound Insight

Our Pivot: 37.50

Our Preference: Start buying DGKC above 42.50 and average it out till 40.20 with strict stop loss of 37.50 and profit target at 51.60 and 57.

Alternate Scenario: Downward penetration of 37.50 will call for 34 & 31 Rs.

NOTE: DGKC is moving in a downward wedge on weekly chart while daily and weekly momentum indicators are bullish mode and it's expected that it would bounce back from its weekly double bottom.

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

154.67

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports150.23145.80143.44
Resistances157.02159.38163.81
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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