YHSL Technical Analysis Report 09-09-2021
Market closed with positive points of 228.41 by 46,625.12 pts. In the last session, there was much buying that was
seen in the last hour which has impacted the market earlier and later today. An upside trend sketches the market
direction to bullish stream and we may witness to close above the support level of 46,900 pts.
Outlook and Expected Level in Upcoming Day
RSI closed above the divergence level, oversold to bullish momentum state. Aside, 100-day moving average is in
bullish trend at 46,920.61 pts so we may witness an upward trend cycle. In order to expand, index needs to close
above 49,900 support level by the end of week.
Outlook and Recommendation
We expect the market to change trend from bearish to bullish state momentum. However, much positive news
related to Refinery Sector will be announced soon.
Y.H. Securities (Private) Limited is a full service brokerage house in Pakistan.The company's sole purpose is to provide high quality advisory service to its valuable clients on equity market, through a team of qualified and diligent professionals.
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