DGKC | Is This Cup & Handle Pattern?Here we have a classic pattern and price dynamics. A major high leads to a low and then a recovery wave. The recovery wave peaks before reaching the previous high and this reveals that a new drop is approaching.
Trading volume is low on the current rise and the latter part of it goes into a parabola. A parabola can only end in a retrace.
DGKC is now set to produce a correction, this correction is set to develop in the short- to mid-term.
RSI indicator if at over bought level while MACD is line is above the signal line, and can show a cross over which establish some negative stance on the price.
Fibonacci levels for the support are PkR123 (0.382 level) and PkR119 (0.5 level) from where a pull back can be expected
On the flip side, if the price gives a break out and closed above PkR137 level then only new bullish wave is expected.
DGKC trade ideas
DGKC Trading Analysis:DGKC broke down after consolidating between 32-36 and is now trading at 124. The strategy is to exit if the price shows weakness when it revisits the 30-level mark.
Downside Targets:
1. *First target*: 110
2. *Second target*: 102
This analysis suggests a cautious approach, with a focus on managing risk and potential downside targets.
135 - 145 Important Resistance ZoneImmediate Important Support lies around 125 - 128.
However, 135 - 145 is a Very Strong Resistance.
So Fresh Position is recommended either once
this level is crossed or at a Proper Support around 123-128
& then around 112 - 115
If it breaks 118, we may see more Selling pressure.
Market Trends Favor DGKC: A 40% Gain in Sight?it is up against a multi-week resistance line once again, Several industry peers have already surged past key levels and Some of the producers already broke out and DGKC eventually shall follow suit. I personally expect DGKC to quadruple without much effort upon breakout to gain 40%.
DGKC [ DG Khan Cement] Chart Technical Analysis, PSX DGKC Stock Analysis
CMP : 125.88 , 10-03-2025
The price is currently moving within an ascending channel, indicating a bullish trend.
A breakout above the upper boundary could lead to further upward momentum.
Premium Resistance Zone (130.00 - 135.00):
This is a critical resistance area where the stock may face selling pressure.
A breakout above this zone with strong volume could signal further upside potential.
Daily Fibonacci Levels:
The price is currently trading near the 23.6% Fibonacci retracement (117.49), suggesting strong support.
The next support levels are 109.75 (38.2%), 103.50 (50%), and 97.24 (61.8%).
Support Zones:
There are two key support levels around 110 and 100, which coincide with Fibonacci retracement zones.
If the price corrects, these areas could provide buying opportunities.
Potential Price Movement (Dashed Projection):
The dotted lines suggest a possible retest of the resistance zone (130-135) before a correction or continuation.
If rejected from resistance, the stock may pull back to the lower trendline before resuming its uptrend.
200-Day Moving Average:
The red line (200-day MA) is trending upwards, indicating long-term bullish sentiment.
Conclusion & Trading Plan:
Bullish Scenario: A breakout above 130 could lead to 135-140 levels.
Bearish Scenario: A rejection from resistance may cause a pullback to 110-115.
Support Levels to Watch: 110, 100
Resistance Levels to Watch: 130, 135
Disclaimer:
This analysis is for educational and informational purposes only. It represents my personal views based on technical analysis and should not be considered as financial advice or a buy/sell recommendation. Trading and investing involve risk, and past performance does not guarantee future results. Always conduct your own research and consult with a qualified financial advisor before making any trading decisions. You are solely responsible for your own investment choices.
DGKC Hits New Highs! Breakout or Reversal Ahead?D.G. Khan Cement (DGKC) is showing strong bullish momentum, breaking past key resistance levels. Currently trading around 126.68 PKR, the stock is hovering near a crucial breakout zone at 127 PKR. If it sustains above this level with volume, we could see further upside. However, a failure to hold could lead to a pullback towards key Fibonacci retracement levels.
The Golden Ratio (0.618 level at 113.46 PKR) is a significant support zone, often considered an ideal level for potential reversals. Other support levels include 121-118 PKR (0.236 and 0.382 Fibonacci levels), which could act as strong demand zones if a correction occurs.
Meanwhile, the Relative Strength Index (RSI) is near overbought territory, indicating strong buying pressure but also a potential risk of short-term exhaustion. If bulls maintain control and push beyond 127 PKR, DGKC could enter a new rally phase. However, if the price faces resistance, we might see a healthy retracement before another move higher.
With the stock at a decisive point, traders must watch whether this breakout sustains or turns into a false signal. Will DGKC continue its bullish trend, or is a correction on the horizon? Let me know your thoughts below!
DGKC ACCUMULATION BOX TRADE IDEADGKC IS TRADING IN A ACCUMULATION BOX. HALF YR RESULT WILL BE ANNOUNCED TODAY. EXPECTING GOOD RESULTS WHICH WILL BREAK THE ACCUMULATION BOX.
THE REAL REISTANCE IS AT 108.20 WHICH IS THE WEEKLY PREVIOUS HIGHER LOW AFTER WHICH THE STOCK WENT DOWN to all time low.
HOWEVER THERE IS A DEVIATION FROM 109 TO 112.
AT THE BREAKOUT AT 112 WITH LARGE VOLUMES will start the uptrend
A retest might be possible at the top of accumualation box at 112. Watch on 5m and 15m The EMA 21 is currently acting as a support.
the next quick target will be 116 . If the stock gives a strong breakout above 116 then 122 looks like the next target.
DGKC ID Chart PSX - Ascending Triangle Buy StrategyDGKC ID Chart - Ascending Triangle Buy Strategy:
- Buy at Current Price: Enter the trade at the current market price.
- Stop Loss: Set a stop loss at 101 to minimize potential losses.
- Take Profit 1 (TP1): Target a first take profit at 132.
- Take Profit 2 (TP2): Set a second take profit at 153 for additional gains.
- "DGKC has delivered impressive results, showcasing strong financial performance and growth."
- "The company's strategic initiatives have paid off, resulting in robust earnings and market confidence."
- "DGKC continues to exceed expectations, reinforcing its position as a leader in the cement industry."
Happy Trading.
Hidden Bullish Divergence.Hidden Bullish Divergence.
Upside Resistance around 109 - 110.
On the flip side, 104 can be a good
support.But if it comes around
92 - 94 it has a potential to take
a Very Good Upside Move from there
towards 120+
But Bullish Momentum will resume once
it crosses & sustains 113 with Good Volumes.
DGKC a potential trade with 10% profitDGKC in PSX in hourly time frame has closed above EMA50 on Friday with current price of 99.75. If viewed closely, the channel formed from 20th December bottom is intact. previous high price is around 110.
In Monday's session, it is expected to stay above EMA50 which is 100 now, buying here with a target of 110 or channel top is around 113 can give 10% plus profit in a shorter period.
MACD, RSI and my own combined indicators are adding support to this view.