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DGKC DG Khan Cement Intra-day Analysis 16th Jun. 2020

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Rebound Insight

Our Pivot: 77.50

Our Preference: Start buying DGKC above 78.60 with strict stop loss of 77.50 and profit target at 81.30 with extension towards 82.50

Alternate Scenario: Downward penetration of 77.50 will call for 74 and 72.50.

NOTE: DGKC is getting support from a rising trend line.

Reverse Trade

Our Pivot: 83.80

Our Preference: Start short selling DGKC below 82.50 with strict stop loss of 83.80 and profit target at 78.60 and 77.50.

Alternate Scenario: Upward breakout of 83.80 will call for 85.

NOTE: DGKC is being capped by a strong horizontal resistant region.

Hourly 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

80.10

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports77.8075.5072.40
Resistances83.2086.3088.60
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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