OGDC PROBABLY IN WAVE ' 4 ' or ' C ' - SHORTThis is in continuation to our ongoing tracking of OGDC wave structure.
If our wave count is correct then the 5th wave is almost over and a downtrend will start taking price toward 257- 245 level as wave 4 and further down if this turns out as wave C
Alternately, if price goes above the 291 level
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1.40 USD
608.20 M USD
1.44 B USD
About Oil & Gas Development Co. Ltd.
Sector
Industry
CEO
Ahmed Hayat Lak
Website
Headquarters
Islamabad
Founded
1961
ISIN
US67778Q2003
FIGI
BBG000R4B1X0
Oil & Gas Development Co. Ltd. engages in the exploration and development of oil and gas resources. It operates through the Oil and Gas and Renewable Energy segments. The Oil and Gas segment focuses on the exploration, production and sale of oil & gas, undertaken through OGDCL. The Renewable Energy segment includes renewable energy development activities, undertaken through OREL. It also involved exploration, drilling, process and plants, production, reservoir management, and engineering support. The company was founded on March 4, 1961 and is headquartered in Islamabad, Pakistan.
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The stock recently went through a reaccumulation phase (marked in light blue) and broke out, achieving a high of PKR 290. After attending a recent high, the stock entered a pullback, which now seems to be retesting the breakout levels. Th
OGDC PROBABLY IN WAVE ' 5 ' - LONGThis is in continuation to our ongoing tracking of OGDC wave structure.
If our wave count is correct then prices will take support from the 257-250 levels and will target the upside level of 279 - 290. Our wave count suggest that prices might even go above 300+ but that depends on how strong the bu
OGDC – Bullish Flag Breakout SetupOGDC has formed a Bullish Flag pattern, indicating potential continuation of the uptrend. The stock is showing strength and is likely to resume its upward momentum.
📌 Trade Setup:
Entry: 264
Stop Loss: 255
Target 1: 279
Target 2: 292
Long-term Target: 320
Risk management is key – position sizin
OGDC PROBABLY IN WAVE ' B ' OR ' C ' - LONGThis is in continuation to our ongoing tracking of OGDC wave structure.
If our wave count is correct then prices will take support from the 220-210 levels and will target the upside level of 255 and 275. Our wave count suggest that prices might even go above 300+ but that depends on how strong the
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