DGKC trade ideas
DGKC potential Buy setupReasons for bullish bias:
- Price gave a bullish closing above the weekly support level
- Price bounced from fib golden pocket
- Price gave downward trendline breakout
- AB = CD pattern can be seen, if price give resistance (also TP1) breakout, then next target can be considered at point D(approx. 105)
- Overall a bullish trend on daily
- Bullish divergence
Here are the recommended trading levels:
Buy 1: 87.03 (CMP)
Buy 2: 81.5
Stop Loss Level: 72.04
Take Profit Level 1: 96.5
Take Profit Level 2: Open
Happy Trading
DGKC is BullishThe macro trend was bullish, however the price went down for retracement and was respecting a descending trendline since August, however now it has given a breakout after the emergence of bullish divergence. Bulls seem to be in complete control of the price action and previous lower high is also broken successfully, hence we can expect new highs as per Dow theory. Moreover, the reversal also came from 0.67 of Fib retracement which is a potential reversal zone for AB = CD projection. Targets are mentioned on the chart.
DGKC can cross 80 and above levelsYesterdays results and move from 73 to 80 yesterday and today maintaining support in 78 and 79 levels. It could cross these defined levels in few days.
DGKC future presiction Currently its in middle, 50% position to move up or down,
Next week will see
I will make complete video on it
Bearish Divergence on Weekly TF.
Already made a Lower High on Daily TF.
If 75 is not Sustained on Weekly Basis,
we may witness 66 - 68.
PSX DGKC ReversalPrice taking support around 78 level.
Divergence being formed
Can take position when the price crosses 81 or MACD Blue line crossing above orange line or both.
* Bullish on Weekly as well as Monthly TF.
* 94 - 96 is a Strong Resistance for now.
* On the flip side, 90 - 91 may act as a
Strong Support.
* If 96 is Sustained, we may witness 105 - 106
initially.
* For Swing Traders, 82 should be the Stoploss
on Closing basis.
DGKC ON RETEST ..Bullish sentimentsDGKC on a retest its last resistance..it could be an good accumulation zone tarets are longs...easy targets are 103-105 .After confirmatation of retest further position can be attained in this script.As still this sector need to perform .KSE100 plays an important role if KSE supports the breakouts on its charts DGKC is good to go.
DGKC is BullishDGKC 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.
DGKCAfter 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.
D.G. Khan Cement Company LimitedThe 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 shown in the chart.
DGKC 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
Bullish Divergence on Hourly TFBuy around 62.30 - 63
Sell around 65 - 66
Stoploss 61.30 (Closing Basis)
DGKCDGKC 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
PSX - DGKC Outlookapparently 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
DGKC--Harmonics Bullish Reversal(BAT)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.
PSX: DGKC BULLISH REVERSALDGKC 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 .
PSX: DGKCDGKC 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 reversal pattern has emerged on hourly time frame.
On hourly time frame bullish hammer has appeared followed by a doji. This duo ignite the hope of reversal. This is further strengthen by the bullish divergence appeared on RSI.
Since this opportunity has appeared on smaller time frame the TP! is minimal. Otherwise the projected price is quite high.
DGKC Double TopDGKC, 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.
