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.