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DOL Descon Oxychemicals Ltd. short term analysis 16th Jun. 2020

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Turning Down

Our Pivot: 34.20

Our Preference: Start short selling DOL from current price and average it out till 33.50 with strict stop loss of 34.20 and profit target at 29.80 with extension towards 28.50.

Alternate Scenario: Upward breakout of 34.20 will call for 36.50 & 37.

NOTE: DOL is being capped by a strong resistant trend line and chances of a daily evening shooting star have become evident.

Daily chart with Supports & Resistances:

DOL 7
Overview
Quick Snapshot
Free Float

40,800,000

O/S Shares

102,000,000

Market Cap. (m)

0.00

Var Value

21.50

Hair Cut

35.00

Last Price

28.17

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports26.8425.5024.27
Resistances29.4130.6431.98
Adjusted
Price Performance
Time Frame
Price Ch
%Ch
MTD Price Return
0.20
1.03
QTD Price Return
0.20
1.03
3M Price Return
-2.30
-10.45
6M Price Return
-4.05
-17.05
9M Price Return
-7.40
-27.31
YTD Price Return
-3.40
-14.72
1Y Price Return
-6.55
-24.95
3Y Price Return
4.23
27.34
5Y Price Return
1.08
5.80

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