DSL Dost Steels Ltd. Analysis 19 Oct. 2016

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Dost Steels Ltd.

    Industrial metals and Mining

Price:  8.79

   Change: -0.82    2016-10-18
Open: 9.61 52 Week High: 20.24 Market Capitalization Mln: 593.01
High: 9.61 52 Week Low: 8.51 Outstanding Shares. Mln: 67.46
Low: 8.77 52 Week Avg.: 15.03 KSE AllShares % Weight-age: 0.01
Close: 8.79 52 Week Max Vol.: 8429500 KSE100 % Weight-age: Not Listed
Average: 9.20 52 Week Min Vol.: 25500 KSE30 % Weight-age: Not Listed
Volume: 5285500 52 Week Total Vol.: 190216500 Data Last Updated: 2016-10-18

Rebound Insight

Our Pivot: 6.30

Our Preference:  Buy DSL above 8.60 and average it out till 7.71 with strict stop loss of 6.30 and profit target at 12.77 with extension towards 14.14.

Alternate Scenario:  Downward penetration of 6.30 will call for 5.63.

NOTE: DSL is getting support from its 280 weeks moving average along with a strong horizontal  supportive region. Weekly Stochastic is also ready for a pull back.

Recommendations:

Buy above 8.60 and average it out till 7.71 with target at 12.77.

Weekly Chart with Supports and Resistances:

DSL 4
Overview
Quick Snapshot
Free Float

236,800,395

O/S Shares

315,733,860

Market Cap. (m)

0.00

Var Value

39.00

Hair Cut

42.50

Last Price

6.73

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports6.656.586.45
Resistances6.856.987.05
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
-0.01
-0.20
QTD Price Return
-0.01
-0.20
3M Price Return
0.73
17.10
6M Price Return
0.69
16.01
9M Price Return
-0.02
-0.40
YTD Price Return
1.39
38.50
1Y Price Return
-0.40
-7.41
3Y Price Return
0.30
6.38
5Y Price Return
-7.70
-60.63


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