Stock is Bullish but Currently moving in a Rectangular Channel. Crossing 426 may lead it towards 450 & Sustaining 450-455 may lead it towards 490 - 500. However, breaking the Support of 360 will lead it towards 290 - 300 where a Double bottom formation can be seen.
Bullish Divergence on Weekly TF. Seems like taking Support from a Very Important fib. level around 10.30 - 11.40 Falling Wedge Pattern on Daily TF. 10.90 Should be Sustained on Monthly Basis, otherwise we may witness further Selling pressure till 8. Important Resistance is around 12.30 - 12.65 as of now.
Bearish Divergence on Daily & Weekly TF. Now Strong Resistance is around 119500. Cup & Handle Formation appearing at the Top.
Bullish Divergence on Weekly TF. Seems like taking Support from a Very Important fib. level around 10.30 - 11.40 Falling Wedge Pattern on Daily TF. 10.90 Should be Sustained on Monthly Basis, otherwise we may witness further Selling pressure till 8. Important Resistance is around 12.30 - 12.65 as of now.
Bearish Divergence on Daily TF is pushing the price down. Currently at Make it or Break it Situation. Immediate Weekly Support lies around current level otherwise next support would be around 176 - 177. Important to Sustain 189 for further Upside.
Bullish Divergence on Weekly as well as Monthly TF. Hidden Bullish Divergence on Daily TF. Immediate Resistance is around 8.20 - 8.30 Important Resistance Zone 9.80 - 10.90 Crossing & Sustaining will expose 13 - 13.50 initially.
Bullish on Monthly TF. No Bearish Divergence on Monthly Tf. But 40 - 40.20 is a Very Strong Resistance that needs to Cross & Sustain with Good Volumes to reach 45 - 46 & then 50+ We should not ignore that it has taken Support from a Very Important Fib level around 32.40 Monthly Closing above 33.60 would be a Very Healthy sign. So any dip towards 36.50 - 37.50 &...
169 - 175 can be a Good Support Area. Better Financial Results. Should not Break 161 even in Worst Cases. Crossing 187 may lead it towards 200 - 203.
Bullish on All Time Frames. Monthly Closing above 211 - 212 would be very positive for OGDC. Retested the Previous Breakout Level around 194 - 195. Hidden Bullish Divergence on Daily Tf. 227 - 228 is the Weekly Resistance that seems to break this time. If this level is Sustained, we may witness 250+ initially.
Bearish Divergence on Weekly TF. However, Breakout on Daily TF from 452 - 453. Weekly Closing above this level would be a positive sign. Upside Targets can be around 495 - 500 & if this level is Sustained, with Good Volumes , we may witness 540 - 550. Should not break 400, otherwise, we may see heavy Selling pressure.
Bullish on Bigger Time Frames. but Important Resistance area is around 140 - 144. Crossing 144 with Good Volumes will expose the levels around 170 & then 190. 132 & 125 are important Support levels as of now.
May test 97 - 98 again. Immediate Resistance is around 105 - 106. Crossing & Sustaining will expose 110 -113.
Cup & Handle Formation on Bigger TF. Strong Support is around 263 - 265 Monthly Closing above 312 - 313 would be a positive trigger. Upside Target can be around 400 - 405 once 360 - 365 is Crossed & Sustained. Ultimate Target can be around 640 - 650 from Short to Medium Term. However, it should not break 240 otherwise we may expect Huge Selling Pressure.
Bullish on Bigger Time Frames. Immediate Resistance is around 126 - 127. Potential to touch 200 is 127 is Sustain on Monthly Basis. On the flip side, 101 - 111 is the Support level (if it takes pressure now. Now it should not Break 89.
Monthly Closing above 18.40 will trigger further upside. Long Consolidation Breakout Expected. Bullish on Weekly TF. Hidden Bullish Divergence on Weekly TF.
Immediate Support is around 160 - 164 and in worst case, we may witness 148 -152. as mentioned earlier, 164 - 169 is an Important Resistance area that needs to Sustain. Now monthly Closing above 170 would be a positive sign.
Retested the Previous Breakout Level around 37 - 38. Immediate Support is around 46 - 46.50 now. Monthly Closing above 48.20 would be very healthy sign; targeting around 55. & then around 60.
Monthly Support is around 640 - 674. Monthly Resistance is around 702. Closing above this level may expose levels around 750 - 755 & then around 780. This time breaking 620 will bring more Selling pressure towards 575-578. Bullish on Weekly & Monthly TF.