YHSL Technical Report 01-10-2021
KSE-100 closed on a negative note, touched the 38.2 Fibonacci level, intraday high of 45,003 but declined back to
intraday low of 44,599.61. Index volume declined from last close. Mixed market performance has seen in the
market today, investors played safely. Today’s candle closed in green and bullish dragonfly Doji candle created.
Technical Level of KSE-100
RSI broke oversold bearish divergence of 33.5 and closed at 34.9. Aside, 100-day moving average is unchanged
closed at 47,044.74.
Outlook and Recommendation
We expect the index will retest the supporting trend line at 44,400 and change trend to bullish state.
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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