PSX Technical Signal Daily Freemium
OGDC Oil & Gas Development Company Limited
OGDC: Bearish breakout of triangle
By Admin TP hit +5.66%
| Entry | 318.00 |
|---|---|
| Stop loss | 322.50 |
| Target 1 | 300.00 |
| Closed at | 300.00 |
Price breakout below supportive trend line of daily triangle.
Our Pivot: 322.50
Our Preference: Short sell below 318 with strict stop loss of 322.50 and profit target at 300.
Alternate Scenario: Breakout above 322.50 will call for 325 and 332.
TECH NOTE: OGDC have given breakout below supportive trend line of its daily traingle and now trying to retest that trendline. Selling on strength would be beneficial.