KSE100 trade ideas
KSE 100 Index toward all time highThe KSE 100 Index has shown a significant pattern with a break out of double top formation with bullish momentum. Furthermore, Index is challenging the resistance of 50,887 that need to break for the testing all time high of 53,127. Previous resistance of 49,404 now acts as first support level for the index and if the support breaks then 48,976 will be the second support.
Moreover, Index is highly over bought on weekly and daily time frame and shows bearish divergence on weekly time frame., while MACD suggests a bullish sign.
Struggling for break outThe KSE 100 Index has shown a significant pattern with a double top formation at the 48,976 level, which now serves as a major resistance point for the index. If this level is breached due to high trading volume, the index may then target its next resistance level at 53,127. On the downside, the first support level is situated at 46,590, while the second support level is at 45,771.
Moreover, it is worth noting that the Relative Strength Index (RSI) has crossed the 64 level, indicating potential bullish momentum, while the Moving Average Convergence Divergence (MACD) suggests a bearish trend when analyzed on a weekly time frame.
KSE 100 index sell side tradeAs KSE 100 index is moving towards it H4 supply and will return immediately from there if we get any rejection on level we will be shorting
The confluance for sell baised is on H4 break of structure as higher low was broke and move back upward and we will return from supply level
KSE100 IndexThe KSE 100 Index has successfully broken above its resistance level at 46195 and has now established this level as support after closing above it. This development suggests that if bullish sentiment continues in the market, the index could target its next resistance level at 47262. Furthermore, if this resistance is surpassed and sustained, the subsequent resistance level is approximately 48441. Conversely, if the support level at 46195 is breached, the index may test its second support level at 44460.
Additionally, the Relative Strength Index (RSI) currently stands at the 55 level, indicating the potential for upside movement. Moreover, the Moving Average Convergence Divergence (MACD) is crossing above, accompanied by a decrease in bearish volume and an increase in bullish volume, which signifies bullish potential in the market.
KSE 100 - BULLISH CONTINUATIONKSE 100, after retracing till 50% Fib level started another bullish leg. Its likely to break above the last High level and if that happens ABCD pattern will be confirmed. In that scenario, the next target of the Index shall be around 54000 level which will be Potential Reversal Zone.
KSE-100 ANOTHER BULL RUN IN SIGHT ON WEEKLY CHARTS.KSE-100 Index posted huge gains of 24% in just 6 weeks. Afterwards correction comes in. This downward movement corrects up to 10%.
At this juncture we are faced with the question What next.
To find the answer we dig in to the past behavior of the KSE-100.
Our dive yields three instances from the past.
1. 23rd January 2017 to 17th April 2017 KSE-100 loses 9.51% in 13 weeks before it resumes the trend.
2. From 7th Sept 2020 the KSE-100 loses 10% of its value in 12 weeks to resume its journey to north.
3. From 1st Feb. 2021 to 3rd May 2021 KSE-100 loses 10% again and in 12 weeks too.
This brings us to he probability that if the same pattern is repeated the resumption of trend can begin from or around 16th of October 2023.
This notion can further be augmented if the return of Mian Nawaz Sharif, as speculated, coincides.
If the History repeats itself the target for the next move shall be 54175.
KSE-100 Short Sell may be the option.IMF deal for the Pakistan served as the trigger for market. It posted hefty gains in the short span of time. but going forward it seems the market seems to be having a breather and time to correct itself.
Keeping in mind any such scenario the levels to go short has been defined and possible target area, in accordance with the Fib. Retracement, has been marked.
To keep the both end covered it has also been defined from which point to go Long.
KSE 100 Daily ChartKSE 100 Daily Chart 22 Aug 2023.
First Trendline support broken dated 07 Aug 2023.
2nd Trendline support broken dated 16 Aug 2023.
Trendline strong resistance bold black line.
Daily supply level 48846 is very important.
Last HL is 47262 very important and price must hold it.
Price has broken the previous week's low 47893.
Daily price is between Darvas neutral BOX.
KSE 100 INDEX BUYas Pakistan stock exchange has given an access to this portal and my first analysis is on KSE 100 INDEX i see a potential buy setup to a Daily Resistance Level and the first confluence for this setup is a GAP UP opening on Monday which is buy Signal the 2nd confluence is 200 EMA which is below candles and shows that it will be a buy setup third confluence is formation of a hammer candle which also shows us a buy setup but as i know the political situations and Geo economical position of Pakistan any move could be possible if everything goes smooth we will buying this 100 index