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.
