OGDC Best choice for Swing Traders
OGDC (Oil and Gas Development Company) in monthly time frame it took approximately a year to break the monthly consolidation area.

See the weekly time frame market structure is in higher high and higher low formation.
Remember past, once it broke the consolidation area. It gives good rally of upside.
π’ Announcement: We're Moving to Discord β Join Us There!Β
Β
Hi everyone! π
To improve your experience and offer additional features, weβre moving our community from WhatsApp to Discord!
Hereβs what youβll get on Discord:
β
Research Reports Channel β Access a regularly updated compilation of valuable research reports
β
PSX24/7 Bot β Ask anything about the PSX and get instant insights powered by KSEStocks historical data
β
Organized Channels β Separate spaces for discussions, news, reports, and more
β
Better Notifications β Control what you see and when
β
Smoother Interaction β Easier to follow and participate in conversations
β
Organized trading ideas - trading ideas that you can discuss and keep track of
Join now π https://discord.gg/kST9hWjS
Β
Β
From 142 till 131 Ogdc is stuck in the range.
But every dip is a buying opportunity.

In daily time frame, if it close below the 115 area then the trend would be change.
Don't miss:
- Which cars are driving the rally in auto stocks?
- Is DGKC going to Rs. 240?
- Why TPLP could go higher.
Β
Otherwise the more the stock take time to breakout , the greater breakout happens.
You could accumulate in this range. From 137~ 132
Sell half and hold half would be good approach in between 150 to 155 area.
Even it can easily go to 170 area if it closes above 158.

In addition, it is june closing year end company.
Disclaimer
Always take trade with your own risk appetite.
Before taking any trade do your own research first.
Financial markets are very risky, you need to learn to earn.
For more queries you can contact me on instagram page Simplemarket11
β οΈ This post reflects the authorβs personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer β
Comment (1)
Plz share SL as wel