OGDC Oil & Gas Dev. Corp. Ltd. Intraday Analysis 1st Jun. 2020

Turning Down

Our Pivot: 119

Our Preference: Short sell OGDC below 116.56 with strict stop loss of 119 and profit target at 111.77 with extension towards 109.90.

Alternate Scenario: Upward penetration of 119 will call for 121.50.

NOTE: OGDC is being caged in a rising wedge on hourly chart and its going to face a strong resistance from resistant trend line of said wedge, meanwhile a strong horizontal resistant region is also going to cap current bullish rally at same price. In case of breakout of said rising wedge in downward direction would push OGDC in bearish zone.

Hourly Chart with Supports and Resistances:

OGDC 10

Overview

Quick Snapshot

Free Float

645,139,260

O/S Shares

2,147,483,647

Market Cap. (m)

0.00

Var Value

12.50

Hair Cut

17.50

Last Price

114.60

Price Adjusted

52 Weeks Range

52w Low

52w High

Intraday

Pivots

Level	1st	2nd	3rd
Supports	112.00	109.40	107.90
Resistances	116.10	117.60	120.20

Adjusted

Price Performance

Time Frame

Price Ch

%Ch

MTD Price Return

3.04

3.66

QTD Price Return

3.04

3.66

3M Price Return

-3.27

-3.66

6M Price Return

0.54

0.63

9M Price Return

-10.71

-11.07

YTD Price Return

-0.41

-0.47

1Y Price Return

-12.96

-13.09

3Y Price Return

-57.76

-40.17

5Y Price Return

-60.96

-41.47