Rebound Insight
Our Pivot: 106.50
Our Preference: Start buying OGDC from current price and average it out till 107.40 with strict stop loss of of 106.50 and profit target at 110.50 with extension towards 113.
Alternate Scenario: Downward penetration of 106.50 will call for 104.50 and 101.30.
NOTE: OGDC is trying to bounce back after getting support from a rising trend line.
Hourly Chart with Supports & Resistances:
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