KSE100
Is it Testing its Resistance again and Weakening this level? 😍
or
Making a Double Top? 🥺
I am anxiously waiting for the Break-Out : 73500 to Sustain
Market Update: 📊 The market recently breached the resistance zone at 72200-72700, edging towards its main resistance at 7300-73300. However, it faced rejection in this zone. Currently, ADX and DI+ are falling, while DI- is rising. If DI+ and DI- cross, and ADX continue to decline consistently, it may be prudent to consider profit-taking instead of buying. consider...
Recent Trends:
KSE 100 recently saw a downturn, shedding 2500 points over a couple of bearish sessions.
However, the latest session witnessed a bullish surge, adding 1200 points in a single day.
Technical Indicators:
Bullish reversal harmonic pattern and a bullish flag formation suggest a target of 74500.
RSI indicates bullish divergence and is now in sync with...
Over the last two working days, the KSE 100 index has undergone two bearish sessions. It is anticipated to encounter substantial support soon, likely around the Fibonacci 0.382 level, coinciding with the trend line between 70,700 and 70,800. Should this support level be breached, the next probable support is projected at 70,000. The Relative Strength Index (RSI)...
In the KSE100 index we are observing a Bullish Flag on Daily Chart we can Expect a Rally towards 80,000 points.
80,000 Points target will be hit in the mid or end of July 2024
The KSE 100 Index concluded its most recent trading session at 66,570, registering a gain of 663.7 points (1.01%). Presently, the index has breached its trend line and is encountering resistance from its new all-time high at 67,093. This level has the potential to form a double top pattern, indicating a possible rejection. However, a break above this level could...
KSE 100 Index making inverse H&S (completion is Due) .If IMF news comes in favour we are likely to have a swing for All time High. However it is crucial level as market is just wating for some fuel it could be IMF news, Interest rates.
Blue Chip Share should be accumulated at this point.
Pakistan is currently in discussions regarding the final tranche of the IMF loan and the potential acquisition of a new loan through the Extended Fund Facility (EFF). As the country wraps up the IMF review process, recent developments in inflation, reaching 23.06% year-on-year as of February 2024, have intensified discussions around key monetary policy decisions...
The KSE100 Index is currently exhibiting a trend rejection, evident from its recent performance, particularly in the last two trading sessions characterized by lackluster volume and a decline in the index value. Consequently, a further downward movement is anticipated. In light of this observation, it is advisable to capitalize on profits by liquidating positions...
The KSE 100 Index closed its latest trading session at 63,704, marking a notable gain of 484.4 points (0.77%). Currently, the index breaks its descending trend line, with initial resistance observed at 64,196; surpassing this level may prompt a test of secondary resistance near 65,200. Vigilance regarding stop-loss levels is advisable. Conversely, a closure below...
The KSE 100 Index closed its latest trading session at 63,306, marking a notable gain of 490 points (0.78%). Currently, the index is testing its descending trend line, with initial resistance observed at 64,196; surpassing this level may prompt a test of secondary resistance near 65,200. Vigilance regarding stop-loss levels is advisable. Conversely, a closure...
𝐓𝐡𝐞 𝐊𝐒𝐄𝟏𝟎𝟎 𝐢𝐧𝐝𝐞𝐱 𝐢𝐬 𝐢𝐧 𝐛𝐮𝐥𝐥𝐢𝐬𝐡 𝐬𝐭𝐚𝐭𝐮𝐬 𝐧𝐨𝐭𝐡𝐢𝐧𝐠 𝐭𝐨 𝐰𝐨𝐫𝐫𝐲 𝐟𝐨𝐫 𝐦𝐞𝐝𝐢𝐮𝐦 𝐭𝐞𝐫𝐦 𝐬𝐜𝐞𝐧𝐚𝐫𝐢𝐨.
In short-term scenario (Q1-Q2, 2024) 𝐊𝐒𝐄 𝐢𝐧𝐝𝐞𝐱 𝐢𝐬 𝐢𝐧 𝐢𝐭𝐬 𝐂𝐑𝐓𝐈𝐂𝐀𝐋 𝐀𝐑𝐄𝐀, if it sustains above the critical area it will definitely go up towards the new all time high milestone.
𝐴𝑙𝑡ℎ𝑜𝑢𝑔ℎ 𝑖𝑡 ℎ𝑎𝑠 𝑓𝑢𝑙𝑓𝑖𝑙𝑙𝑒𝑑 𝑡ℎ𝑒 𝑚𝑖𝑛𝑖𝑚𝑢𝑚 𝑟𝑒𝑞𝑢𝑖𝑟𝑒𝑚𝑒𝑛𝑡 𝑓𝑜𝑟 𝑐𝑜𝑟𝑟𝑒𝑐𝑡𝑖𝑜𝑛 𝑖𝑛 𝑡𝑒𝑟𝑚𝑠 𝑜𝑓 𝑣𝑎𝑙𝑢𝑒 𝑎𝑠 𝑤𝑒𝑙𝑙 𝑎𝑠 𝑡𝑖𝑚𝑒, but if it...
KSE-100 is currently in a corrective mode, after a momentous bullish rally. It could test the previously defined higher low around 59.5k mark. A successful retest would fuel a new rally that could take the index around 75k-78k. Important levels are mentioned on the chart.
