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KSE 100 Index
Long

KSE 100 is Bullish

By Fahad-Rafique
KSE-100 is extremely bullish for 2024, specifically for the upcoming month of January 2024. There has been no divergence on the RSI, which is a classic indication of trend reversal, moreover the recent pull back is healthy as a new higher low is defined. In the coming weeks, market is more likely to recover and print new higher highs, breaking the previous all time high. The projection of AB=CD pattern indicates that the rally could continue till 80k. Targets are mentioned on the chart.
Chart PatternsHarmonic PatternsTrend Analysis
Fahad-Rafique

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