OGDC (Intraday/Short Swing)OGDC weekly Breakout confirmed going for a big target of 160, the short Target for Traders is 137-140.
Great volumes and closing above weekly resistance.
Buy OGDC at 133-129.
Sell at 137-140.
SL At 127.
1.95USD
905.77 MUSD
1.67 BUSD
About OIL & GAS DEVELOPMENT COMPANY LTD GDR EACH REPR 10 ORD 'REGS'(WI)
Sector
Industry
CEO
Ahmed Hayat Lak
Website
Headquarters
Islamabad
Employees (FY)
11.21 K
Founded
1961
ISIN
US67778Q2003
FIGI
BBG000R4B1X0
Oil & Gas Development Co. Ltd. engages in the exploration and development of oil and gas resources. It also involved in 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.
Shooting Star followed by Evening StarShooting Star followed by Evening Star on Daily TF
130.50 is an Important Resistance for now
However, Piercing Pattern on Weekly TF
is a Positive Sign
OGDCAfter the double bottom formation is observed in OGDC share around 104.50. The price action is currently testing resistance level of around 130 which breach and sustains can pull the price towards next resistance of 145. Stop loss can be placed below 115. Moreover, MACD indicator is lightening beari
OGDCFollowing the identification of a double bottom formation in OGDC shares around the price point of 104.50, recent price action indicates a rejection from its resistance level situated at 130, culminating in a closing figure of 121.07 during the latest trading session. Notably, support is discerned w
OGDCOGDC Buy from specified level (also 0.618 FIB , trendline support intact)
SL , TP mention in chart
OGDCPlan1
Buy Above 121
Sell around 125 then 128 - 129
Stoploss 115 (Closing basis)
Plan2
Buy around 114 - 116
Sell around 118 - 119
Stoploss 112 (Closing basis)
Still BullishQuick Trade:
Buy1 around 138.30 - 139.30
Buy2 around 135.50 - 136.30
TP1 around 142.50 - 143
TP2 around 147 - 148
Stoploss 126 (Closing basis)
For Patient Traders:
Buy1 around 131 - 132 | Sell around 140 - 145
Buy2 around 119.50 - 121.60 | Sell around 130
Stoploss 119 (closing basis)
PSX OGDC OutlookOGDC is picking momentum with consistently part of volume leader and heading to break the last Higher High. entry is commended upon the breakout and sustaining above of last HH 129
Entry:129
StopLoss:113
TP1:145
TP2:161
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