YHSL Technical Report 10-09-2021
KSE-100 closed with positive points of 47,198.29 gained 573.17 pts. Index closed above the support level 46,900,
sketching the upward momentum which may be witnessed in upcoming sessions.
Outlook and Expected Level in Upcoming Day
RSI increased its position from over-bot position to bullish momentum. Aside, 100-day moving average is in bullish
trend as it increased 20 pts from last session from 46,920.61 to 46,945.18. So, we may witness expansion in index in
upcoming week.
Outlook and Recommendation
We expect the market to change trend to bullish state momentum. However, positive news related to Refinery
Sector will be announced by Cabinet Committee on Energy on Monday 13-9-2021.
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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