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
OGDC trade ideas
OGDCIt is Good as Long as it stays above 106.
Buy on Dips.
However, if 106 is broken, we may see trend reversal.
OGDC is BullishOGDC 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.
OGDCQuick Trade:
Buy Above 111
Sell around 114
Stoploss 105 (closing basis)
Then wait for 115 Breakout and enter for
the Target of 124
PSX: OGDC READY TO RISE, EVEN HIGHER.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 if the upside targets have been identified along with the Stop Loss.
Oil & Gas Development Company 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.
ODGC:PSX is continuing bearish trendOGDC 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.
OGDC:PSX is making potential Bearish Harmonic Reversal patternOGDC:PSX is in process of making potential Bearish Harmonic Reversal pattern. PRZ (Point D) has been initially foretasted at fib 0.886 but may extend further upto 1.618. A short entry is planned below point B through a sellstop order with SL above point C. At PRZ (point D), upon confirmation of bullish reversal through divergence on RSI, a long entry through buystop shall be initiated once HHs and HLs of the trend are confirmed.
OGDC: Head & Shoulders appearingPSX:OGDC graph has formed head & shoulders which suggest potential downward trend. It can form lower lows towards the mark point around PKR 60.
