YHSL Technical Report 28-09-2021
KSE-100 closed on a positive note, index volumes inclined up from last close. Trend supporting line on chart tested
its position, inched the index points upwards. However, the rally continues to break the bearish zone, recovery over
46,000 points will turn the index into bullish sentiment. Index gained 457 pts and closed higher at 45,274.93. We
believe that the positive sentiment has begun to break the bearish cycle. If we may see gains of 300-400 pts
consecutive, KSE-100 will inject into bullish zone over 46,000 this week. If it continues to drag furthermore, we may
see the bearish trend range 44,900-45,100.
Technical Level of KSE-100
RSI broke oversold bearish position. Aside, 100-day moving average is changed closed at 47,055.51 losing 4 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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