NETSOL Technologies Ltd. (PSX: NETSOL) is currently trading at 130.16 PKR, testing a critical support zone after a prolonged downtrend. The stock has been forming lower highs and lower lows, signaling persistent selling pressure. 📉 Technical Breakdown: RSI (14) at 22.92 – Deep in the oversold zone, indicating a possible short-term bounce. Price nearing a key...
If the KSE-100 index crosses 117,200, it signals a strong bullish breakout, potentially paving the way for further gains. On the downside, a break below 105,000 could confirm a bearish trend, leading to deeper corrections. Key levels to watch: 📉 Weekly Support: 110,600 – 112,200 📈 Weekly Resistance: 115,500 – 115,700 Traders should monitor volume and momentum...
MLCF is showing bullish strength on the higher timeframe, breaking its previous higher high and signaling trend continuation. If it holds above this breakout level, further upside towards is possible
CPHL has broken below a key lower high, signaling bearish momentum on the 1H timeframe. With increasing selling pressure and RSI at 24 (oversold), further downside is possible unless buyers step in. If support at holds, a short-term bounce could occur. However, failure to reclaim resistance may lead to further declines. Watching for confirmation before entering...
KAPCO is forming a bullish flag pattern, indicating a strong uptrend continuation. The stock is currently consolidating within the flag, and a break above 39.50 with strong volume would confirm the breakout, potentially leading to a rally towards 42-43. This level also marks a double top resistance, where some short-term rejection could be expected. However, if...