OGDC Trade Plan – Bullish Continuation SetupOil & Gas Development Co. Ltd.PSX_DLY:OGDCMusarrat_karamat OGDC is showing a strong bullish continuation structure on the hourly chart. The stock has recently broken above its short-term consolidation zone and is now trading around 337, holding above its moving averages. The price action shows improving momentum, with buyers stepping in strongly after the recent base formation near the 320–326 area. The proposed entry is around 334.49, with a stop-loss placed at 327.59. This gives the trade a defined risk of around 6.90 rupees per share. The first upside target is placed at 341.46, which is the immediate resistance and short-term profit-booking zone. If momentum sustains above this level, the second target is 349.45, near the next resistance band. The risk-reward profile looks favorable, especially because the setup is supported by price trading above the EMA cluster. The 55 EMA is also below the current price, which confirms short-term trend strength. RSI is around 76, showing strong momentum; however, it is also near the overbought zone, so partial profit booking near TP1 would be sensible. Fundamentally, OGDC remains one of the key large-cap energy names on PSX. It benefits from exposure to oil and gas exploration, dividend expectations, and renewed interest in E&P stocks whenever energy-sector sentiment improves. The stock also has strong liquidity, making it suitable for short-term trading setups. Trade levels: Buy: 334.49 Stop-loss: 327.59 Target 1: 341.46 Target 2: 349.45 Overall, OGDC looks positive as long as it holds above 327–328. A sustained move above 341.46 can open the way toward 349–350, while a break below the stop-loss would invalidate the bullish setup.