DGKC has printed first higher low and is on course to break previous lower high. This would trigger a bullish rally according to Dow theory. Targets are mentioned on the chart.
After undergoing a breakout and subsequent retest, the prior resistance level at $68.70 has transitioned into a supportive role. This strategic evolution suggests the viability of establishing long positions with a target price set at $77.40.
The price is declining after making a double top pattern around 84 level and recently gives closing at 64.55 which is -23% in the last trading session. Looking forward to the stock has recent support at 63.50 and second at 59 where accumulation can be seen. On the flip side, immediate resistance lies at 68.70 which breaks and sustains can pull towards 77.40 as...
DG KHAN CEMENT price was reacting well the support and resistance
and formed a bullish div , If the market successfully sustain this bullish confluence the next leg high could go for new HH.
NFA
DYOR
DGKC Buy at HL (also 0.5 FIB , trendline support intact)
Bullish candle also made at 4 hour timeframe for confirmation
Buy 1 at 73.06
Buy 2 at 67.8
SL , TP mention in chart
apparently Bulls are in resting area after pumping the more than 20% gain. bulls will gain energy after the breakout of 82.40 with volume.
Entry:82.40
StopLoss:72
TP1:92.40
TP2:102.80
Price level reaches at point D and bullish divergence is printed it seems that price may printed new Higherr Highs/Lows and D point become potential reversal zone.
DGKC is a prominent Cement manufacturer in Pakistan with multiple production facilities.
It has printed bullish harmonic pattern on hourly chart.
Divergence in RSI is another positive factor.
To further enhance the probability of the trade it is suggested that a position may be open at 53.
Detailed trade plan is also prepared .
DGKC is a leading Cement Manufacturer in Pakistan. It's current price is around 52 whereas its Book Value is 161.89 and Enterprise Value per share is 94.56.
On daily time frame the company has posted double top cart pattern thus, creating a bias for down trend , an other call is still in field of this effect.
Despite this short call an opportunity to benefit from...
DGKC, on daily chart, has been showing the weakness. Consequently it formed a double top.
Currently the price is residing at neckline and on the next breach of price short trade is suggested.
