YHSL Technical Report 17-09-2021
KSE-100 closed on a negative note of 46,636.08 with a loss of 284.38 pts. Indices swing in both directions until finally
settling up in red. Today’s candle close in red, mixed market performance occurred which may impact negative in
upcoming rollover week. We believe market can get stable over 46,900 support point. Another support point of
46,600 uplifted the index and closed above it. If it continues to drag furthermore, we may witness bearish range
46,300-46,500.
Outlook and Expected Level in Upcoming Day
RSI took oversold position and downward trend momentum. Aside, 100-day moving average is in bullish range,
gained 14 pts.
Outlook and Recommendation
We expect the market to change trend to bullish state momentum once rollover week will be completed.
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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