DGKC DG Khan Cement Analysis 02 Oct 2013

October 2, 2013 8:34 amComments Off on DGKC DG Khan Cement Analysis 02 Oct 2013Views: 481

Upside Prevails

Our Pivots: 67.30 and 65.86

Our Preference:Start Buying DGKC above 70.42 till 69.13 with strict stop loss of 67.30 and 65.86 and profit target at 76.86 and 77.30 

Alternate Scenario: Downward Penetration of 67.30 will call for 65.86

NOTE: DGKC got support from its strong support of 67.30 level and now its moving back towards 76.86 its recommended to buy it above 70.42 till 69.13. “We were recommending to our clients on phone that DGKC will take a rebound from 67.30 it have reached its bottom line of 26 April from where we have started recommending it to start buying it. http://smartmoney.pk/dgkc-dg-khan-analysis-26-april-2013 and also have achieved its targets of short selling http://smartmoney.pk/dgkc-dg-khan-cement-analysis-16-sep-2013

Recommendations:

For New Entries (Buy 70.42 and 69.13)

For Existing Holders (Hold till 76.86)

Weekly Chart with Supports and Resistance:

DGKCW02102013

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