Turning Down
Our Pivot: 145.90
Our Preference: Short sell as long as OGDC is below 135 with strict stop loss of 145.90 and target at 121 and extension towards 114.
Alternate Scenario: Upward penetration of 145.90 will call for 156.84.
NOTE: OGDC have formatted a bullish weekly channel after penetrating its weekly bearish channel but right now its getting resistance from two strong horizontal resistant regions.
Recommendations:
Short sell as long as its below 135 with target at 121.
Chart with Supports and Resistances:
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