YHSL Technical Report 20-09-2021
KSE-100 closed once again on a negative note of 46,528.21 with a loss of 107.87 pts. It broke an upward trend and
took a move downwards, but as per graph, the lower support trend line supported the index and bounced it back.
Today’s candle closed in red, mixed market performance occurred due to the MPC news. We believe market will get
stable over 46,600 bullish cycle towards 46,800. 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 13 pts.
Outlook and Recommendation
We expect the market to change trend to bullish state momentum once rollover week is 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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