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 trade ideas
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.
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 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.