OGDC Oil & Gas Dev. Corp. Ltd. Short Term Analysis 22nd Jun. 2020

Rebound Insight

Our Pivot: 106.50

Our Preference: Start buying OGDC from current price and average it out till 107.40 with strict stop loss of of 106.50 and profit target at 110.50 with extension towards 113.

Alternate Scenario: Downward penetration of 106.50 will call for 104.50 and 101.30.

NOTE: OGDC is trying to bounce back after getting support from a rising trend line.

Hourly Chart with Supports & Resistances: