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OGDC trade ideas

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-2: 209.00 ~ 209.50 (on dip) Buy-3: 237 (Technically a correct entry for those who wants to wait to establish bull run.) SL: 189 TP-1: 235.35 TP-2: 255.38 TP-3: 270.21
PSX:OGDCLong
by Golden_Spur
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 the midterm target lies between 550-700, that can be achieved by two possible pathways as indicated on chart. Currently the accumulation zone lies roughly between 100-200 and can be considered as last opportunity to buy in this zone for mid-term and long-term investments. GOOD LUCK DISCLAIMER: The information provided doesn't guarantee results. 𝙏𝙧𝙖𝙙𝙞𝙣𝙜 𝙞𝙣 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙢𝙖𝙧𝙠𝙚𝙩𝙨 𝙘𝙖𝙧𝙧𝙞𝙚𝙨 𝙧𝙞𝙨𝙠𝙨. Individuals should perform a thorough analysis and consider their risk tolerance before making investment decisions. 𝙄 𝙖𝙢 𝙣𝙤𝙩 𝙧𝙚𝙨𝙥𝙤𝙣𝙨𝙞𝙗𝙡𝙚 𝙛𝙤𝙧 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙡𝙤𝙨𝙨𝙚𝙨 𝙧𝙚𝙨𝙪𝙡𝙩𝙞𝙣𝙜 𝙛𝙧𝙤𝙢 𝙖𝙘𝙩𝙞𝙤𝙣𝙨 𝙗𝙖𝙨𝙚𝙙 𝙤𝙣 𝙩𝙝𝙞𝙨 𝙥𝙤𝙨𝙩. Consult with a qualified financial advisor before entering to trade in stocks
PSX:OGDCLong
by TraderzWorld
OGDC | Flag PatternThe flag pattern, identified as a bullish formation, is currently observed on the OGDC technical chart. Presently, the bullish momentum is gaining strength, with the price encountering resistance at approximately 134.50-135. This level represents the initial target. Upon a successful breakout, the subsequent target is projected to be 138.50-139. Following the completion of the flag projection, the final target is anticipated to be 148. To effectively manage risk, it is advisable to set a stop loss at 126.50.
PSX:OGDCLong
by mbaberhanif
OGDC/PXSThe "bearish bat" pattern is yet another harmonic pattern used by traders in technical analysis to forecast potential reversals in financial markets. Similar to other harmonic patterns, it's based on Fibonacci ratios and consists of specific price swings. Here's an overview of its characteristics: 1. **XAB Leg**: The pattern starts with an initial price move from point X to point A. This leg represents the initial impulse move, often in the direction of the prevailing trend. 2. **ABC Leg**: After the XA leg, there's a corrective move from point A to point B. This leg usually retraces a significant portion of the XA leg, often to Fibonacci retracement levels like 38.2%, 50%, or 61.8%. 3. **BCD Leg**: Following the ABC leg, there's another price move from point B to point D. This leg usually extends beyond the XA leg, often to a Fibonacci extension ratio like 0.886 or 1.618. 4. **CD Leg**: The final leg of the pattern, from point C to point D. This leg typically retraces a portion of the BCD leg, often to Fibonacci retracement levels like 38.2%, 50%, or 61.8%. When traders identify a bearish bat pattern forming, they interpret it as a potential reversal signal, suggesting that the price may decline after completing the pattern. However, as with any trading strategy, it's essential to confirm the pattern with other technical indicators or price action signals before making trading decisions. Additionally, risk management techniques should always be employed to manage potential losses.
PSX:OGDCShort
by B9A-88652-NisarAhmad
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 within the range of 114-118, where a pullback is anticipated subsequent to the validation provided by a confirmation candle. Presently, the stock manifests a "wait and watch" scenario, conducive to the contemplation of initiating a long position.
PSX:OGDCShort
by mbaberhanif