The KSE 100 index has continued its upward trajectory, as previously mentioned, with a long-term bullish outlook. We had outlined three short-term targets, and the index successfully achieved the first two targets on the day of the breakout from its all-time high. The final short-term target was revised to a long-term target of 123,280, which was reached today.
We had forecasted three long-term targets for the index, with the final target being 138,670. We expect the index to reach this level before experiencing significant corrections. While pullbacks are anticipated during the index's journey, we expect them to be shallow.
The current trend suggests continued upward momentum. We recommend traders to remain on the buy side, watching the index closely as per the levels provided by us. It's essential for traders to trail their stop-loss levels to preserve incurred profits and maximize gains.
We had forecasted three long-term targets for the index, with the final target being 138,670. We expect the index to reach this level before experiencing significant corrections. While pullbacks are anticipated during the index's journey, we expect them to be shallow.
The current trend suggests continued upward momentum. We recommend traders to remain on the buy side, watching the index closely as per the levels provided by us. It's essential for traders to trail their stop-loss levels to preserve incurred profits and maximize gains.
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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.