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OGDC | End of Rising Wedge Pattern?

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OIL & GAS DEVELOPMENT CO LTD (PSX_DLY:OGDC)  
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PSX_DLY:OGDC   OIL & GAS DEVELOPMENT CO LTD
Trend Analysis Chart Patterns Technical Indicators
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Rising Wedge pattern considered as bearish pattern, which is observed in OGDC technical chart. At present this bearish momentum weakening as the price is facing support zone around 118-119. If the selling pressure resumes and the buyer gets active then a possible pull back is expected towards the resistance level of 132.
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