OGDC trade ideas

Earn_withHassaan

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.

House-of-Technicals Updated 

Shooting 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

mbaberhanif Updated 

After 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 bearish histogram soon we can expect crossover.

mbaberhanif

Following 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 within the range of 114-118, where a pullback is anticipated...

SignalEdge Updated 

OGDC Buy from specified level (also 0.618 FIB , trendline support intact) SL , TP mention in chart

House-of-Technicals Updated 

Plan1 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)

AnalytixEdgeByQasim

wait for the signal. OGDC might go for a 50% retracement on downtrend.

House-of-Technicals Updated 

Buy1 around 143 - 144 | Sell around 149 - 152 Buy2 around 133 - 134 | Sell around 137 - 139 Stoploss 131 (closing basis)

House-of-Technicals Updated 

Quick 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)

adilmahboob5

OGDC monthly channel as touched its high. indicators are also exhausted. Now May be it retraced to its 38% fib level. GOOD LUCK

Munawaz

OGDC 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

SignalEdge Updated 

OGDC Buy at HL (also 0.5 FIB ,trendline support intact ) SL , TP mention in chart

House-of-Technicals

It is Good as Long as it stays above 106. Buy on Dips. However, if 106 is broken, we may see trend reversal.

Fahad-Rafique

OGDC is currently in a strong bullish momentum and printing new higher highs followed by higher lows, the trend is expected to continue further. Targets are mentioned on the chart.

House-of-Technicals Updated 

Quick Trade: Buy Above 111 Sell around 114 Stoploss 105 (closing basis) Then wait for 115 Breakout and enter for the Target of 124

usufgul

OGDC had its recent high at the start of August which is around Rs111. Afterwards it went into consolidation. on 18th October it had a low of around 93 reminding me the Wyckoff. The volumes have been picking up since the start of October and on Friday it staged a breakout which, in my opinion, shall continue, as the RSI is also displaying a bullish momentum. So...

mbaberhanif

OGDC: On the hourly time frame, a key support level is identified at 99.50. Consider entering a long position if the price remains above this level, but be cautious if it drops below, as it may signal further downward movement.

UsmanFarouk

OGDC is in bearish parallel channel and has made a beaarish flag pattern at the top of the downward channel. Short Entry has been placed on break of Flag Pole with suitable SL and TP1 and TP2.