KSE-100 has failed to breakout of the ATH resistance for several days now. On LTF, it has formed many Bearish ERCs - which indicate further Bearish Follow through in coming week.
On Monday if Market holds above 1,19,530 for at least one hour only then take new positions.
Resistance is same 1,20,750.
If the market stays between 1,19,530 and 1,18,630 just wait and watch.
If the market goes below 1,18,600 and stays below there for at least one hour you can take short positions .
In case of this breakdown lower supports are 1,18,100 and 1,16,600 followed by 1,15,100.
Disclaimer:
This analysis of the KSE-100 Index is based on our understanding of technical charts and market trends. It is for informational purposes only and should not be considered financial advice. We recommend that all traders perform their own analysis before making any trading decisions.
On Monday if Market holds above 1,19,530 for at least one hour only then take new positions.
Resistance is same 1,20,750.
If the market stays between 1,19,530 and 1,18,630 just wait and watch.
If the market goes below 1,18,600 and stays below there for at least one hour you can take short positions .
In case of this breakdown lower supports are 1,18,100 and 1,16,600 followed by 1,15,100.
Disclaimer:
This analysis of the KSE-100 Index is based on our understanding of technical charts and market trends. It is for informational purposes only and should not be considered financial advice. We recommend that all traders perform their own analysis before making any trading decisions.
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.