YHSL Technical Report 11-10-2021
KSE-100 index witnessed carnage in intraday session. Volumes inclined from 66 mn shares traded on Friday to 88
mn shares traded today. Fibonacci level of 0.5%(43,769.2) tested today and closed above it. Market performance is
negative but we may witness gains in points in upcoming days ahead.
Technical Level of KSE-100
RSI created upward divergence today, oversold position claimed, lost 4 pts, closed at 29.34 compared to last day
close at 34.46. Aside, 100-day moving average declined by 20 points closed at 47,026.34.
Outlook and Recommendation
We expect the index to shift upwards in upcoming days and gain strength. Once, average volume increases, it is
expected to shift trend to upward channel in 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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