OGDC Oil & Gas Dev. Corp. Ltd. Intraday Analysis 5th Jan. 2021

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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:

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

114.41

Price Adjusted
52 Weeks Range

52w Low

52w High
Intraday
Pivots
Level 1st 2nd 3rd
Supports112.48110.54108.29
Resistances116.67118.92120.86
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

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