Under Pressure
Our Pivot: 117.30
Our Preference: Start short selling from current price and average it out till 115 with strict stop loss of 117.30 and profit target at 111 with extension towards 108.00
Alternate Scenario: Upward penetration of 117.30 will call for 119.20 and 121.
NOTE: OGDC is being capped by an ascending trend line on hourly chart, meanwhile hourly momentum indicators are in bearish mode.
Chart with supports & resistances:
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