KSE100 is nearing the apex of a symmetrical triangle, indicating a potential breakout move in the coming sessions. A strong breakout above the key resistance zone of 116,000 could trigger a bullish rally toward the 126,000–127,000 range, provided 117,800–119,000 is sustained. Multiple bullish indicators are aligning — higher highs and higher lows formation, RSI holding around 56, and time cycle strength in early March. However, traders should remain cautious of the overhead resistance at 115,000, 116,300, and 118,700–119,000 levels. On the downside, important support lies at 111,500 and 109,440, with a final stop-loss zone near 105,000. If downside pressure increases, the symmetrical triangle’s bearish target could stretch to 100,800. Watch closely — this triangle squeeze could define the market’s direction for weeks ahead!
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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.