OGDC LONG TRADE/INVESTMENT FOR 50% GAINOGDC has been consolidating in a Scallop formation or a variant of Cup and Handle from Jun 2017 to Nov 2024.
It broke out of this formation in Nov 2024, The authenticity of Breakout is very much evident from heaviest Weis Wave Volumes.
OGDC has successfully re-tested the breakout in initial week of
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1.40 USD
738.38 M USD
1.64 B USD
About OIL & GAS DEVELOPMENT CO LTD
Sector
Industry
CEO
Ahmed Hayat Lak
Website
Headquarters
Islamabad
Founded
1961
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.
Bullish on All Time Frames.Bullish on All Time Frames.
Monthly Closing above 211 - 212 would
be very positive for OGDC.
Retested the Previous Breakout Level
around 194 - 195.
Hidden Bullish Divergence on Daily Tf.
227 - 228 is the Weekly Resistance that
seems to break this time.
If this level is Sustained, we may witness
250
OGDC - LongFrom a technical point of view, the first target should be Rs 237, and the long-term target is Rs 335.
On fundamental grounds, the current fair value of this share should be around Rs 228, but if the circular debt issue is resolved and the company starts giving dividends around Rs 40 - Rs 45 than t
OGDC - PSX - Buy Trade CallOGDC has been sideways after making a HH and even broke its regression channel. It has now made a bullish hidden divergence on RSI.
Although KVO is still down but it is anticipated to gain momentum due to good news coming up from OGDC management.
Trade Values:
Buy-1: 214 (Current Market Price)
Buy
OGDC is SUPER BULLISH long term.OGDC is SUPER BULLISH long term.
OGDC is bullish on long term investment and can be multiple X value from current price.
However, price never move in a straight line, therefore currently we will focus on nearest mid term (3-5 years) targets, after which OGDC shall strongly consolidate.
At present
Making HH HL on Daily TF; butMaking HH HL on Daily TF; but 236 is
Important to Sustain for Further Upside.
222 - 225 may act as an Immediate
Support Zone.
Though 206 is a key level that should
not be broken. However, retesting of
193 - 195 levels is also possible in worst case.
Upside Immediate Targets can be around
265 - 27
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Summarizing what the indicators are suggesting.
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An aggregate view of professional's ratings.
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Displays a symbol's price movements over previous years to identify recurring trends.