OGDC PROBABLY IN WAVE ' 4 ' or ' C ' - SHORT

9월 29일

This is in continuation to our ongoing tracking of OGDC wave structure.

If our wave count is correct then the 5th wave is almost over and a downtrend will start taking price toward 257- 245 level as wave 4 and further down if this turns out as wave C

Alternately, if price goes above the 291 level it will make the 5th wave extend which will take prices toward 305 - 310 level

We are anticipating bearish long term trend in OGDC therefore we have taken this trade as the risk/reward ratio is also nice.

Trade Setup:

Entry level: 280

Stop loss: 291

Targets:
T1: 255

Let see how this plays, Good Luck!

Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.

9월 29일

액티브 트레이드

Trade Setup:

Entry level: 283.50

Stop loss: 291

Target: 255

9월 29일

노트

Note: Stop loss is based on regular market price not futures

4일 전

노트

Price is moving down nicely, let's see if price will break below 267 today

4일 전

노트

Target modified to 257

그저께

노트

Price is moving down nicely, we might see a little bounce from 267 level but the overall trajectory is down