DGKC DG Khan Cement Short Term Analysis 12th Sep. 2018

Upside Prevails

Our Pivot: 97.60

Our Preference: Buy DGKC above 102.10 and average it out till 100.30 with strict stop loss of 97.60 and profit target at 109.70 with extension towards 112.10

Alternate Scenario: Downward penetration of 97.60 will call for 95.65 and 94.60.

NOTE: DGKC is trying to bounce back after completing its 74.6% correction on daily chart and it's being supported by a strong horizontal supportive region along with a supportive trend line. Daily and Hourly momentum indicators have generated bullish crossovers and they would try to lead it towards 109.70 at least.

Daily Chart with Supports and 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
Supports	150.23	145.80	143.44
Resistances	157.02	159.38	163.81

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