YHSL Technical Report 22-09-2021
KSE-100 witnessed a bearish cycle, closed on a negative note of 45,597.24 with a loss of 411.61 pts. It closed above
the Fibonacci Retracement point of 0.382 over 45,000. RSI declined below from 34 pts to 30.86 pts. Today’s candle
close in red, recovery of 800 points showed in the market as intraday low pts were 1200 pts. We believe market will
get stable over 46,000 level to enter in the bullish cycle towards 46,500. If it continues to drag furthermore, we may
witness bearish range 45,200-45,500.
Technical Level in Upcoming Day
RSI took oversold bearish position and shifted its momentum to downward trend. Aside, 100-day moving average is
still near bullish range, gained 2 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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.