KSE100 trade ideas
KSE100, rejection from Channel TopRejection From Channel Top
Expected retest of 94000 - 95000 zone
38% - 50% fib retracement also complete on this level
no visible weakness on RSI
overall bullish trend intact
Slight Correction Needed?Alhamdulillah, as mentioned on 27-09-2024 that
index may touch 87000 with slight corrections, it
touched the mentioned level.
Index is Still Bullish.
It has the potential to touch 100,000 - 100,350
It may take some correction of 2000 - 3000 points.
S1 is around 88500 - 88700
S2 is around 87000 - 87200
There is no harm in the Bullish Momentum as
long as it stays above 84500.
In worst case scenario, it may touch 82000 which
seems unlikely so far.
PSX:KSE100 ABCD PatternABCD Pattern Complete
We can see retracement between 88000 - 88700 points
Still in an uptrend
KSE100cup and handle breakout
bullish rectangle formation
targets estimates to 90500 level
high caution at these level
Still bullish but...KSE100
Closed at 82082 (27-09-2024)
Last Update was given on 19-08-2024 &
the levels played the same way as
mentioned. Alhamdulillah!
Now...!
as on 29-09-2024;
Index Still has the potential to touch
85000 - 87000. However, Bearish Divergence
on Shorter TF may bring it towards
79450 - 80710 range.
It needs to Cross & Sustain 83000 to
continue its Bullish Momentum.
On the flip side, it should not break 76000,
else it may be a Trend Reversal.
KSE-100: Big bearish candle witnessedMarket Brief:
KSE-100 Index declined by 0.72% or 590 points to close at 81,658 points. Intra-day the index reached a peak of 82,906 and a low of 81,553. Volumes decreased by 2% compared to the previous trading session. The index is currently trading above the 50-day SMA level of 78,990.
The main index opened with a positive gap of 504 points and declined throughout the day, losing nearly 1,100 points net. KSE-100 is currently 14.79% above its 200-day moving average and is an uptrend. RSI is declining after reaching an overbought level and currently, the reading is at 65.26.
Recommendation:
The index will likely find initial support around 81,172. If this level is breached the index could drop further to the 80,686 – 79,819 range. On the upside, KSE-100 is expected to encounter initial resistance near 82,525 points with a breakthrough leading to the 83,392 – 83,878 range.
KSE 100 Cup and Handle Pattern- Cup and Handle Pattern
- The projected target is around 87,500
- Index needs to break 82,500 mark
KSE-100: Will the Momentum Keep Climbing?Market Brief:
KSE-100 Index reduced 0.27% or 223.9 points to close at 81,850.5 points. Intra-day the index reached a peak of 82,463 and a low of 81,549. Volumes decreased by 33.08% compared to the previous trading session. The index is currently trading above the 50-day SMA level of 78,877.
The index opened the trading session with a bullish bias, reaching a high of 82,463. However, it subsequently retreated from the previous closing price, ultimately establishing a low of 81,549. Notably, the KSE-100 remains 15.59% above its 200-day moving average, reinforcing an upward trajectory. Moreover, the MACD indicator currently displays a bullish configuration, with the signal line positioned below the MACD line and accompanied by green histograms.
Recommendation:
The index will likely find initial support around 82. If this level is breached the index could drop further to the 80,960 – 80,532 range. On the upside, KSE-100 is expected to encounter initial resistance near 82,501 points with a breakthrough leading to the 82,929 – 83,486 range.
KSE-----100-----BULLISH AS trend is upward making higher and higher low now trend make the formation of cup and foloow the 50 ema
KSE100 index price is moving upward forming cup pattern also observed double top formation, consolidation suppose to be handle of cup, with projection in red dotted lines.
PSX KSE 100 Rising Triangle Pattern- Target 82000+ after breakout at 79300
- Volumes are still low
- Policy Rate Cut could trigger activity in the market and help market with the targets.
KSE100 Daily Time FrameHas touched and taken support on the Conversion Line. Base Line is descending, and a crossover may take place with Base Line, which will confirm downward movement. Lagging Line has breached the Price Line and the Conversion Line and if it penetrates the Base Line, it will strengthen the notion that Market is towards the Selling / downside side. Price which had initially taken support on Span A, has now entered it again. If the Market continues downwards, its next expected stop will be the EMA 44, which is just above the S1.
Further more, while analyzing the MTF, KSE100 is Bullish on the HTF, but is Bearish on H4 and lower Time Frames. Please bear in mind the fact that the Analysis has been done on the basis of Ichimoku
KSE100 INDEXStill Bullish and Potential to
touch 85000 then 87000.
Immediate Support around 76000 - 76500.
Market is safe as long as trading
above 71500 - 71700
PSX 100 INDEXMy bais on KSE 100 index is bearish on the following points;
1. Currently market is traded under ema 10
2. Last candle also inverted hammer which also indicate the further decline of index
3. bearish channel is not break out
4. Decreasing Volumes
5. RSI also showing bearish trend
KSE100 HOURLYKSE100 march towards the Discount zone. Let's wait and see what happens as market is quite uncertain due to geopolitical world situation.
KSE100 INDEXThe continuous decline in market volumes indicates a lack of interest from "smart money". If the market volumes do not improve, we may see the market falling towards major demand zones, such as 76,000, 74,500, and then 70,800. The market will start performing once volumes revive from these demand zones; otherwise, it may only bounce back slightly with low volumes.
KSE 100 | Bearish Flag Formation on 15m time frameThe KSE 100 Index is currently exhibiting a bearish flag formation. The projected target for this formation is approximately 76,200. This level, which previously served as a resistance following the formation of a double top pattern, may now act as support following its breakout on June 14, 2024. It is advisable to monitor this level closely and adjust trading strategies accordingly.
KSE100 Index AnalysisNext Upside and Downside levels anticipated for 23-07-2024 and onwards keeping in view the volatility of the Market. If correction is completed then upside move evident, otherwise it can land down.
KSE 100 IndexKSE 100 is currently rejecting from its resistance around 80,810, with the expectation of break and sustain and we expect market can test its next resistance that lies around 86,690 in the upcoming quarter and on the flip side, its support lies around 76,187.
Expected Levels for the next quarter
Resistance: 86,690
Support: 76,187
