DGKC Short term analysis 30th Oct. 2023

Is DGKC's price movement reminiscent of a bottle stopper being held in place by its neckline on the weekly chart?

Interestingly, on the monthly chart, we're witnessing the formation of a morning star pattern, a potential bullish signal. This comes after prices showed resilience by forming a double bottom pattern on the weekly chart.

The exciting prospect is that a breakout above the 55-57 Rs range could propel DGKC into a significant bullish territory, potentially steering prices towards 67 Rs. Furthermore, if we witness a weekly breakout above 67 Rs, it could mark the beginning of an entirely new era for DGKC's price trajectory. Keep a close watch on these developments!