KSE100 IndexThe KSE 100 Index has successfully broken above its resistance level at 46195 and has now established this level as support after closing above it. This development suggests that if bullish sentiment continues in the market, the index could target its next resistance level at 47262. Furthermore, if this resistance is surpassed and sustained, the subsequent resistance level is approximately 48441. Conversely, if the support level at 46195 is breached, the index may test its second support level at 44460.
Additionally, the Relative Strength Index (RSI) currently stands at the 55 level, indicating the potential for upside movement. Moreover, the Moving Average Convergence Divergence (MACD) is crossing above, accompanied by a decrease in bearish volume and an increase in bullish volume, which signifies bullish potential in the market.
