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:
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