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DSL Dost Steels Ltd. Mid-Term Analysis 20 March 2017

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Dost Steels Ltd.

    Industrial metals and Mining

Price:  13.87

   Change: 0.05    2017-03-17
Open: 13.82 52 Week High: 20.24 Market Capitalization Mln: 4423.43
High: 14.19 52 Week Low: 8.36 Outstanding Shares. Mln: 315.73
Low: 13.82 52 Week Avg.: 14.27 KSE AllShares % Weight-age: 0.05
Close: 13.87 52 Week Max Vol.: 61765500 KSE100 % Weight-age: Not Listed
Average: 13.93 52 Week Min Vol.: 0 KSE30 % Weight-age: Not Listed
Volume: 5374500 52 Week Total Vol.: 1407950000 Data Last Updated: 2017-03-16

Rebound Insight

Our Pivot: 10.43

Our Preference: Start buying DSL above 13.31 and average it out till 12.58 with strict stop loss of 10.43 and profit target at 16.24 and 17.17

Alternate Scenario: Downward penetration of 10.43 will call for 9.71 and 8.61.

NOTE: DSL is moving an upward price channel and right now its getting support from a rising trend line along with horizontal supportive region. It also have completed its weekly 61.85% correction.

Recommendations:

Buy above 13.31 and average out till 12.58 with targets at 16.24 and 17.17.

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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