OGDC in Correction Phase

131
📊OGDC in Correction Phase

Current price: 290

🔎 Important Levels
🟢 Strong Support Zone:

276 – 281 (0.618 Fib + horizontal support)

in this zone demand expected.

🔴 Resistance:

300 – 305 (minor resistance)

320 – 335 (major resistance / previous high)

📈 Possible Scenarios
✅ Bullish Case:

if hold 276–281 zone:
Target 1 → 305
Target 2 → 320
Extended target → 335

❌ Bearish Case:

if break below 276 daily close
Next support → 260
Major support → 247

💼 Trading Plan
🔹 Short Term Buy Idea:
Entry: 280–285 zone
Stop loss: 274 daily close
Target: 305 / 320
👉 Risk Reward approx 1:2 ya us se better ban sakta hai.

🔹 if already OGDC holding person what to do it:

if don't break 276 hold .

305 par partial profit book .

📊 Overall Trend

Long term structure still bullish.

🟢 Long-Term Support Zones

275–280 → Major demand (weekly structure + Fib confluence)

247–255 → Strong base support (trend invalidation area)

if don't break price 247 on weakly close , long-term trend still bullish.

🔴 Long-Term Resistance / Targets

320–335 → Supply zone (previous high)

📊 Summary

✔ Structure bullish
✔ Pullback healthy
✔ 247 break below major weakness
✔ 335 breakout = fresh bullish leg

🎯 Simple Answer
✔ 276 hold kare = upar jaane ke chances zyada
❌ 276 break kare = neeche jaane ke chances zyada
yehi area ogdc ka trend define kar ga

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