On 1D TF, KSE 100 is forming a triangle pattern which has already been broken to the upside. Present price levels are also above 21 EMA which is another supporting factor. However, there is one major confirmation still awaited w.r.t breaking of the resistance area (115383.90-116975.30). Seeing the price movement and no opposing indications on RSI, it is expected that breaking above the aforementioned resistance area shall take the market upto 127248.06.
So, my stance will remain bullish above 116975.30.
Good luck.
So, my stance will remain bullish above 116975.30.
Good luck.
Trade active
The desired level has been broken.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.