YHSL Technical Report 21-09-2021
KSE-100 witnessed a carnage, closed on a negative note of 46,008.85 with a loss of 667.46 pts. It has broken the RSI
movement, declined below from 41 pts to 34 pts. Today’s candle closed in red, mixed market performance occurred
due to the evergrande crisis in China. We believe market will get stable over 46,400 points to enter in bullish cycle
towards 46,800. It if continues to drag furthermore, we may witness bearish range 45,600-45,900.
Outlook and Expected Level in Upcoming Day
RSI took strong oversold position and shifted its momentum to downward trend. Aside, 100-day moving average is in
bullish range, gained 11 pts.
Outlook and Recommendation
We expect the market to change trend to bullish state momentum in upcoming 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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