Under Pressure
Our Pivot: 106.50
Our Preference: Start short selling from current price and average it out till 104.70 with strict stop loss of 106.50 and profit target at 101.90 with extension towards 99.95.
Alternate Scenario: Upward penetration of 106.50 will call for 109.
NOTE: OGDC is moving downward for expansion of its 50% bearish correction.
Chart with supports & resistances:
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