DGKC DG Khan Cement short term analysis 16th Nov. 2020

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Further Advance

Our Pivot: 101.90

Our Preference: Start buying DGKC as long as its trading above 105.40 and average it out till 104.20 with strict stop loss of 101.90 and profit target at 110.45 with extension towards 112.40.

Alternate Scenario: Downward penetration of 101.90 will call for 99.00  and 97.60.

NOTE: DGKC is getting support from a strong supportive trend line after retesting resistant trend line of its previous triangle. Meanwhile daily momentum indicators are ready for a bullish crossover.

Daily chart with support & 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

107.10

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports105.34103.57102.15
Resistances108.53109.95111.72
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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