DGKC DG Khan Cement Short-Term Analysis 11th Mar. 2020

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Turning Down

Our Pivot: 97.60

Our Preference: Short sell DGKC below 90.00 and average it out till 93.80 with strict stop loss of 97.60 and profit target at 78.60 with extension towards 70.80.

Alternate Scenario: Upward penetration of 97.60 will call for 101.30 and 111.00.

NOTE: DGKC is being capped by crossover of an ascending trend line with a horizontal resistant line on daily and weekly charts, meanwhile 76.4% correction of its last bearish rally have been completed on weekly chart.

Daily 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

87.90

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports84.6381.3778.63
Resistances90.6393.3796.63
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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