KSE 100 Index Technical Analysis
The KSE 100 index has been performing well after its breakout from the all-time high, achieving multiple targets as expected. Despite some retracement in the last 2-3 hours, the index remains mostly bullish. The small pullbacks are expected in any uptrend.
Current Market Situation
- The index is currently testing its EMA 20 of 1-hour timeframe.
- A rebound from this level is expected in the coming sessions.
Possible Scenarios
- If the index rebounds from the current level, it will likely continue its upward trend.
- If it fails to rebound, there's a possibility of a retest of the recent breakout level at 120,800.
Support Level
- The index is expected to find support at the EMA 20 of 1-hour timeframe and rebound from there.
Overall, the KSE 100 index is expected to remain bullish, and the current pullback is seen as a buying opportunity.
The KSE 100 index has been performing well after its breakout from the all-time high, achieving multiple targets as expected. Despite some retracement in the last 2-3 hours, the index remains mostly bullish. The small pullbacks are expected in any uptrend.
Current Market Situation
- The index is currently testing its EMA 20 of 1-hour timeframe.
- A rebound from this level is expected in the coming sessions.
Possible Scenarios
- If the index rebounds from the current level, it will likely continue its upward trend.
- If it fails to rebound, there's a possibility of a retest of the recent breakout level at 120,800.
Support Level
- The index is expected to find support at the EMA 20 of 1-hour timeframe and rebound from there.
Overall, the KSE 100 index is expected to remain bullish, and the current pullback is seen as a buying opportunity.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.