YHSL Technical Report 08-10-2021
KSE-100 closed on a negative note, volumes declined from 111 mn shares to 66 mn shares. Tested the supporting
trend line again today at 44,430 but closed above at 44,477.23. Market is neutral in overall traded session and
closed in red.
Technical Level of KSE-100
RSI shifted its direction downwards, lost 1 pt, closed at 34.46 compared to last day close at 35.43. Aside, 100-day
moving average declined by 6 points closed at 47,046.01.
Outlook and Recommendation
We expect the index will move sideways in upcoming session to gain strength. Once, average volume increases, it
expect to shift its trend to upward channel in upcoming days ahead.
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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