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

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Under Pressure

Our Pivot: 109.67

Our Preference: Start short selling DGKC below 106.38 and average it out till 108 with strict stop loss of 109.67 and profit target at 103.80 with extension towards 101.90.

Alternate Scenario: Upward penetration of 109.67 will call for 111.

NOTE: DKGC have given breakout of its triangle in bearish direction on hourly chart after facing rejection from correction of its last bearish rally.

Hourly 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

106.01

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports104.51103.00100.51
Resistances108.51111.00112.51
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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