DGKC DG Khan Cement short term analysis 5th Jan. 2021

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Under Pressure

Our Pivot: 116.30

Our Preference: Start short selling DGKC below 111.77 and average it out till 114.30 with strict stop loss of 116.30 and profit target at 107.75 with extension towards 104.30.

Alternate Scenario: Upward penetration of 116.30 will call for 118.50 and 119.70.

NOTE: DGKC is moving in a descending price channel and right it's moving downward after facing rejection from resistant trend line of said channel.

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

110.66

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports108.81106.95103.61
Resistances114.01117.35119.21
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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