OGDC Oil & Gas Dev. Corp. Ltd. Intraday Analysis 15th Feb. 2021

Rebound Insight

Our Pivot: 106.00

Our Preference: Start buying OGDC from current price and average it out till 107.80 with strict stop loss of 106.00 and profit target at 111.23 with extension towards 113.00.

Alternate Scenario: Downward penetration of 106.00 will call for 103.

NOTE: OGDC is caged in a triangle on hourly chart and its trying to find support above supportive trend line of this triangle.

Chart with supports & resistances: