KSE 100 Daily 17/05/23Updated levels for KSE 100
Current : 41833
S1. 41700
S2. 40900
s3. 40050
R1. 42317
R2. 43100
R3. 43500
KSE100 trade ideas
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
