Risk Can be Taken at Re-test of Breakout Level.Cup & Handle Formation.
Breakout from the main Resistance level
around 25.
Possible Targets can be around 30 - 31.
Breaking 23 will bring more Selling Pressure.
DCR trade ideas
DCR - Bullish TrendDCR just broke out its previous high, is it start of a Bullish Trend?
Final target is 27.51.
Country Profile: Pakistan's current policy rate is in downwards trend after high of 22%, current inflation rate & other factors are in favour of further rate cut. Which means smart money will keep flowing out from Fixed Income to Equity Markets in coming months.
Fundamentals: DCR is paying 9.24% dividend after tax annually on current price of 18.40, it is continuous attractive position for smart money flowing out from Fixed Income if this dividend yield continues.
