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:
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