YHSL Technical Report 06-10-2021
KSE-100 closed on a negative note, touched the supporting trend line and closed at it. Index volume fell from last
close. Mixed performance witnessed in market today.
Technical Level of KSE-100
RSI broke oversold bearish divergence and continue downwards, closed at 31.9 compared to last day close at 34.3.
Aside, 100-day moving average declined by two points closed at 47,056.56.
Outlook and Recommendation
We expect the index will retest the supporting trend line at 44,400 and change trend to bullish state towards
45,000-47,000 range.
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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