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 trade ideas
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.
