YHSL Technical Report 16-09-2021
KSE-100 closed on a positive note of 46,920.46 with a gain of 203.74 pts. Bears pressure was in radar but suddenly as
bulls get their positions, market entered in the bullish zone. KSE 100 index recorded intraday high of 46,958.37. It
then dropped to day’s low of 46,623.41 losing 93.31 pts. Today’s candle close in green and as the trend support line
retested, it eventually will bounce back up as shown in graph. We believe market can give a steady recovery and
index can move to as much as 47,150.
Outlook and Expected Level in Upcoming Day
RSI took position of bullish trend in upward momentum. Aside, 100-day moving average is in bullish range, 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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