YHSL Technical Report 15-09-2021
KSE-100 index was dragged down to 46,716.72 with a loss of -174.62 pts. Bears pressure was in radar while bulls lost
their positions. KSE 100 index recorded intraday high of 46,952.31. It then dropped to day’s low of 46,505.13 losing
386.21 pts. Today’s candle close in red but touched the low of the trend at 46,590 and bounced back as shown in
graph. We believe market can give a steady recovery and index can move to as much as 47,100.
Outlook and Expected Level in Upcoming Day
RSI bounced its position downward to bearish trend. Aside, 100-day moving average is in bullish trend, gained 16
pts. We may witness expansion in index in upcoming days.
Outlook and Recommendation
We expect the market to change trend to bullish state momentum.
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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