KSE100 trade ideas
KSE-100 ANOTHER BULL RUN IN SIGHT ON WEEKLY CHARTS.KSE-100 Index posted huge gains of 24% in just 6 weeks. Afterwards correction comes in. This downward movement corrects up to 10%.
At this juncture we are faced with the question What next.
To find the answer we dig in to the past behavior of the KSE-100.
Our dive yields three instances from the past.
1. 23rd January 2017 to 17th April 2017 KSE-100 loses 9.51% in 13 weeks before it resumes the trend.
2. From 7th Sept 2020 the KSE-100 loses 10% of its value in 12 weeks to resume its journey to north.
3. From 1st Feb. 2021 to 3rd May 2021 KSE-100 loses 10% again and in 12 weeks too.
This brings us to he probability that if the same pattern is repeated the resumption of trend can begin from or around 16th of October 2023.
This notion can further be augmented if the return of Mian Nawaz Sharif, as speculated, coincides.
If the History repeats itself the target for the next move shall be 54175.
KSE-100 Short Sell may be the option.IMF deal for the Pakistan served as the trigger for market. It posted hefty gains in the short span of time. but going forward it seems the market seems to be having a breather and time to correct itself.
Keeping in mind any such scenario the levels to go short has been defined and possible target area, in accordance with the Fib. Retracement, has been marked.
To keep the both end covered it has also been defined from which point to go Long.
KSE 100 Daily ChartKSE 100 Daily Chart 22 Aug 2023.
First Trendline support broken dated 07 Aug 2023.
2nd Trendline support broken dated 16 Aug 2023.
Trendline strong resistance bold black line.
Daily supply level 48846 is very important.
Last HL is 47262 very important and price must hold it.
Price has broken the previous week's low 47893.
Daily price is between Darvas neutral BOX.
KSE100 Daily ChartKSE 100 Daily Chart. Trendlines support and resistance levels, Daily supply level, higher high and lower low, Candlestick weekly price action stop loss, when to buy and take profit levels. regards
KSE 100 - BULL FLAGKSE 100 index is forming a Bull Flag structure, indicating continuation of the Bull Trend. The confirmation will be breakout above the marked level and upon breakout, Long positions may be planned
KSE 100 Daily ChartKSE 100 Daily Chart
Trendline and Trendline broken level.
Fibonacci Retracement level.
HH LL.
Order Blocks.
KSE 100 Daily Chart Trendline Support LevelKSE 100 Daily chart updated with Trendline Support Level and previous Harmonic Patterns.
KSE-100 INDEX - Potential Upside 6%Currently, the index is trading at 44550, which is the top of the consolidation range for the index. Before achieving the target of 46800, it is possible for the index to test the bottom of the range at 43350 and then move towards the target.
KSE 100 Index Daily ChartDeep Crab Daily bearish harmonic pattern
Murry Math extremely overshoot level 42968
Next 3 supply levels of Daily TF
KSE 100 INDEX BUYas Pakistan stock exchange has given an access to this portal and my first analysis is on KSE 100 INDEX i see a potential buy setup to a Daily Resistance Level and the first confluence for this setup is a GAP UP opening on Monday which is buy Signal the 2nd confluence is 200 EMA which is below candles and shows that it will be a buy setup third confluence is formation of a hammer candle which also shows us a buy setup but as i know the political situations and Geo economical position of Pakistan any move could be possible if everything goes smooth we will buying this 100 index
KSE 100 - Breakout or sideways?The KSE 100 index has reached a critical resistance level, and its movement is currently confined to a sideways pattern until the 42250 level is breached.
KSE100 - Possible setup.KSE100 might take support from highlighted area, its a confluence area of horizontal support and rising trend line.
LOOKS LIKE A BAD NEWS IS PENDING On 1D TF another clear rejection, whereas most operators are celebrating that's market has hit 42k which we predicted not a good move market will implode again. See previous
KSE 100 Daily 17/05/23Updated levels for KSE 100
Current : 41833
S1. 41700
S2. 40900
s3. 40050
R1. 42317
R2. 43100
R3. 43500
KSE-100 Likely To MoveKSE-100 M15 correcting upwards likely to develop a running flat upon completion again drop to create a new low
KSE - Possible setup.KSE 100 is in bearish trend, currently rejected from falling trend line and made 3 black crows candle. wait for break out of resistance area to open long positions.
NOT BULLISH SO FARScenario 1: Market will take EQ high liquidity than straight 38407 to 37028
Scenario 2: Market will show a strength (a leg upside) till previous high and form Tripple Top like pattern and go straight to 38k to 37k.
NFA
KSE-100 INDEX CLOSED BELOW 200-SMA (BEARISH) KSE-100 Index closed below 200-Sma key Support violation. Benchmark might retest the level of 40,460 - 40,120
