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KSE 100 Index

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KSE100 | Further Consolidation Ahead

Another range bound activity is anticipated ahead as we highlight the nearby resistance resides 120200 -120800 range. The upside breach beyond this range will trigger a new bullish momentum towards our next projected target at 122000 which may be extended to 126000. However, the interim support is present within 118800 -119300 range as any violation below that will drag KSE-100 towards 50-SMA at 115,620 level.

The current pattern suggests further consolidation. We advise Investors to adopt Wait & Watch Strategy & any Dips should be taken as an opportunity to Accumulate Valued Stocks.
Snapshot
SignalsWalaJin
KSE100
It is likely to cross 100k level in this last week of November 2024 as it is in Bullish trend. 98400 is key level. If Market opens above this level or cross this level immediately after opening it is likely to cross 100k level in this week. Next level is 104,500. In Dec 2024 it is possible to cross 120k level.

Note: This is analysis based on technicals and fundamentals. This is only opinion not a call.
imran.allpurpose
PSX - Interesting observation on trading volumes

19th November 2024

91 scrips – trading of 1 to 999 shares.
87 scrips – trading of 1000 to 9999 shares.
35 scrips – trading of 10000 to 24999 shares
64 scrips – trading of 25,000 to 99,999 shares
This means 277 scrips have trading volume within 100 K shares.

Roughly trading takes place in 400 scrips. This means 133 scrips have trading volume of more then 100 k, rest have trading volumes under 100k.

Any input/ ideas /feedback, on this pattern of trading !
SignalsWalaJin
KSE100
Tomorrow if Index crosses 85444 level, it is high chance to cross 86200 and 86800 levels.