OGDC - Hourly Analysis - 08-08-2025
Primary Structure: Potential Irregular Flat in Black Wave "b".
Primary Trend: Bullish
Current Wave Structure: Potential Bullish Impulsive.
Expectations: The structure in black wave "b" must consist of three waves. The third wave of this irregular flat appeared as an impulsive cycle. We are trading at the very late stages of this rise. Sooner or later, the weakness in the price may be witnessed after completing the impulse cycle in the red wave"(5)". If the price falls and gives a daily close below 174 will define the top for the wave "b".Kindly refer to the weekly time frame for an alternative view. Recommendation: Stay Aside.
