DNCC LONG TRADE 03-06-2025DNCC LONG TRADE
DNCC has successfully completed its Spike–Channel Accumulation–Breakout sequence, followed by a clean retest of the breakout level. The recent pullback has reversed, indicating readiness for the next leg to the upside, with confirmation from the Volume Gradient.
Price action structure, along with continued support from the EMA-20, further strengthens the case for an impending bullish continuation.
🚨 TECHNICAL BUY CALL – DNCC🚨
BUY1: 15.6
BUY2: 14.55
BUY3: 13.6
📈 TP1 : Rs. 17.6
📈 TP2 : Rs. 18.9
📈 TP3 : Rs. 21.3
🛑 STOP LOSS: BELOW Rs. 11.00 (Daily Close)
📊 RISK-REWARD: 1:3+
Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
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DNCC trade ideas
Breakout Opportunity: DNCC Approaching Key ResistanceThe weekly chart of Dandot Cement (DNCC) shows a recent 19.55% surge, closing at PKR 13.15. The stock is approaching resistance levels at PKR 15.70 (R1), PKR 16.25 (R2), and PKR 18.23 (R3), with a descending trendline acting as overhead resistance. A breakout above R1 could push the price higher toward R2 and R3. The support zone around PKR 6.00 indicates strong buyer interest, making it a good risk-reward setup. A long position could be considered above R1 (15.70), with a stop loss near PKR 11.