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.
DGKC trade ideas
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.
DGKC Daily Chart Bearish Pattern AB=CDDGKC Daily Chart AB=CD Harmonic Pattern. this is a bearish AB=CD harmonic pattern and take profit mentioned.
DGKC - Bearish ReversalHarmonic Pattern Bearish Gartley in play. Price already down from local top. Waiting for trend confirmation.
