OGDC Oil & Gas Dev. Corp. Ltd. Intraday Analysis 1st Mar. 2021

Rebound Insight

Our Pivot: 97.00

Our Preference: Start buying OGDC above 103.77 and average it out till 101 with strict stop loss of 97.00 and profit target at 110.55 with extension towards 113.

Alternate Scenario: Downward penetration of 97.00 will call for 94.60 and 91.00.

NOTE: OGDC is moving in a bearish price channel and right now its getting support from supportive trend line of this channel along with a horizontal supportive region.

Chart with supports & resistances: