KSE100 backing steps for a big jump towards 70K+ regionKSE 100 is currently in short term correction to step back for a jump towards 70K+ region and then move towards 78K target.
KSE100 trade ideas
KSE100 Index Set To RetraceThe 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 in stocks acquired during dips. Additionally, investors may contemplate acquiring shares at lower prices to optimize their average cost in the event of a subsequent rebound. Notably, the support level for the index is situated around 64,800, and its ability to maintain this level is crucial for initiating a potential recovery. Recommended stocks which can be accumulate on dip are DGKC, MLCF, PRL, ATRL, HCAR, EFERT, KEL, PPL, OGDC, PSO, FFC, SYS, FCCL, POL, MTL & HUBC.
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KSE100The 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 61,650 could instigate downward momentum.
KSE100 IndexThe 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 below 61,650 could instigate downward momentum.
𝐓𝐡𝐞 𝐊𝐒𝐄𝟏𝟎𝟎 𝐢𝐧𝐝𝐞𝐱 𝐢𝐬 𝐛𝐮𝐥𝐥𝐢𝐬𝐡𝐓𝐡𝐞 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 could not sustain above the critical area, then it might 𝐠𝐨 𝐝𝐨𝐰𝐧 all the way between 𝟓𝟓𝐊 - 𝟓𝟕𝐊 or in more severe conditions 𝟓𝟏𝐊 - 𝟓𝟓𝐊.
In my view it would not go very deep down below 55K, however sustainability over critical area is very important.
I hope that the 𝒔𝒖𝒄𝒄𝒆𝒔𝒔𝒇𝒖𝒍 𝒅𝒆𝒗𝒆𝒍𝒐𝒑𝒎𝒆𝒏𝒕 𝒐𝒇 𝒏𝒆𝒘 𝒈𝒐𝒗𝒆𝒓𝒏𝒎𝒆𝒏𝒕 𝒊𝒏 𝒄𝒐𝒎𝒊𝒏𝒈 𝒅𝒂𝒚𝒔 𝒔𝒉𝒐𝒖𝒍𝒅 𝒔𝒖𝒑𝒑𝒐𝒓𝒕 𝒊𝒏𝒅𝒆𝒙 𝒖𝒑𝒘𝒂𝒓𝒅 𝒎𝒐𝒗𝒆𝒎𝒆𝒏𝒕.
Therefore, 𝒄𝒂𝒓𝒆𝒇𝒖𝒍 𝒊𝒏𝒗𝒆𝒔𝒕𝒎𝒆𝒏𝒕 𝒘𝒊𝒕𝒉 𝒑𝒓𝒐𝒑𝒆𝒓 𝒓𝒊𝒔𝒌 𝒎𝒂𝒏𝒂𝒈𝒆𝒎𝒆𝒏𝒕 𝒘𝒊𝒍𝒍 𝒃𝒆 𝒕𝒉𝒆 𝒌𝒆𝒚 𝒇𝒐𝒓 𝒔𝒖𝒄𝒄𝒆𝒔𝒔𝒇𝒖𝒍 𝒂𝒏𝒅 𝒑𝒓𝒐𝒇𝒊𝒕𝒂𝒃𝒍𝒆 𝒕𝒓𝒂𝒅𝒆𝒔.
KSE100 is BullishKSE-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.
KSE 100
Technically market is at its retest level of head and shoulder pattern and now it can go to 66542 which is next major resistance
By fibonacci level market is at 0.382 level from its last crash 58934 to its last high 65320 which is agood support
KSE100 TEST THE 0.382KSE100 here we can apply the fib to KSE100 and exactly yo 0.382 so according to fib it can bounce back to touch it new high. and break it previous high.
KSE100 -PSXKSE100 index is currently displaying a promising technical setup with the emergence of the ABCD pattern, finding support at the 0.38 Fibonacci retracement level, and no bearish divergence on the RSI indicator.
KSE100 KSE100 ANALYSIS
In last 10 years,
> 7/10 times KSE100 ended on Bullish note Year-wise
> 7/10 times January was Positive
> 61796 is an Important Support Level that should
be Sustained Initially
> Next Important Support is 58427
> However, if 67100 is broken and sustained this time,
we may witness 72500 and then 80000
KSE 100 is BullishKSE-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.
I want to see #kse100 above 40k by 2040 Time is like a loop, and there's a significant shift happening in the distribution of wealth. Sooner or later, fortunes will rotate, but right now is the opportune moment to be part of it. #pakistan
KSE 100 is BullishKSE-100 is currently facing selling pressure after a parabolic move, it has printed an all time high of 67k, and is currently undergoing a correction, which could possibly define a new higher low for this bullish rally. No divergence on RSI is a clear indicator that the rally is not finished, and there is still some room for upward movement.
KSE100KSE100
Support 1: around 61600
Support 2: around 57500 -58300
is se ziada I don't give Importance to Index.
Bears are lostThe KSE 100 Index concluded its most recent trading session at 66,223, indicating a positive gain of 1505.56 points or 2.33%. Significantly, the index demonstrates bullish momentum. We advise investors for a cautious stance and focus to explore day trading opportunities with a strict stop loss policy.
KSE 100 index - BullishKSE 100 index bullish - 3 white soldiers
KSE 100 index is on a bullish rally for past 3 - 4 months and this shall continue due to the bulllish patterns visible in the trend
PSX KSE 100 reversal @58413 pointscurrently KSE100 is in bullish rally which soon looks to vade near @58413, after that markt will retrace and then may print new high, if new high is printed above 59K then a new bull run will start which may go beyonf 75K
Hanging Man Candlestick on KSE100Introduction:
Over the last five months, the KSE 100 Index has displayed a remarkable rally, surging from 39,894 in June 2023 to 56,873 as of today, November 14, 2023—an impressive 42.5% return in a relatively short period. While investors have enjoyed these gains, the current market situation requires a discerning eye.
The Hanging Man Candlestick: A Signal to Exercise Caution:
Today, the KSE 100 Index has formed a hanging man candlestick, indicating a potential reversal. Notably, a similar pattern emerged on October 24, 2023, when the index reached a high of 51121. Surprisingly, that hanging man did not result in a reversal, and the bullish trend persisted.
Precautionary Measures:
While a hanging man candlestick alone doesn't guarantee a trend reversal, historical context prompts us to consider precautionary measures:
Review Portfolio Allocation:
Assess your portfolio allocation and ensure it aligns with your risk tolerance and investment objectives. Consider rebalancing if necessary to maintain a diversified and resilient portfolio.
Set Stop-Loss Orders:
Establish clear stop-loss orders: to limit potential losses in the event of a significant market downturn. This disciplined approach helps protect gains and manage risk.
Stay Informed:
Keep a close eye on market news and economic indicators . Any unexpected developments could impact market sentiment and trigger rapid market movements.
Consider Hedging Strategies:
Conclusion:
As we navigate these dynamic markets, it's crucial to balance technical analysis with historical context. The previous hanging man candle on October 24, 2023, reminds us that not every signal leads to a reversal. Stay vigilant, review your strategies, and adapt to market conditions. #MarketAnalysis #InvestingWisdom #RiskManagement #PSX #KSE100
Testing all times highToday's closing is very important for the index as market is testing major resistance level which was seen 6 years ago. Please be alert to close positions in profit where possible if shares were bought for trading.
If market closes on an upward trend, market can show bullish momentum
KSE 100 53,127 🚀🚀The KSE 100 Index gained 339 points and gave closing at 51,070 with a high of 51,419. Index can test resistance of 53,127 with a support of 49,400.
Furthermore, RSI is above 72 level which shows market is over-bought and MACD shows bearish signal.
KSE 100 Bearish DivergenceKSE 100 Index show bearish divergence on hourly, daily and weekly time frame, it shows market is at over bought level and in todays session, market give rejection from its resistance level of 51,000. Better to book profits on high sides use stop loss for safe trading.
KSE 100 index correction startedKSE 100 index started rejecting after making doji candel which shows sign of reversal and bearish divergence is formed with RSI on daily and week time frame. Index can give 50% correction from its last impulse to 47,238. Which acts as major support level.
