DGKC DG Khan Cement Short Term Analysis 26th Oct. 2018

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Our Pivot: 96.60

Our Preference: Start short selling DGKC below 92.60 and average it out till 93.57 with strict stop loss of 96.60 and profit target at 85.00 with extension towards 81 and 78.

Alternate Scenario: Breakout of 96.60 on daily chart will call for 97.60 and 99.30.

NOTE: DGKC is capped by a strong horizontal resistance on daily and weekly chart and this level also fall on 50% correction of its latest bearish rally.

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
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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