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Karachi 100 (KSE)

Karachi
Currency in PKR
Disclaimer
74,694.47
+163.28(+0.22%)
Closed

Karachi 100 Discussions

Outlook and Expected Levels For The Coming Session (May To May 15, 2024)... The session closing above 74,100 suggests that bulls have negated the indications of a Hyper Move and that paves path for the next target range of 74,950 – 75,350, where 75,350 is the level where 200% extension of Fibonacci Calculation from December 2023 high of 67,093 and January 2024 low of 59,191 is lying, which can trigger profit taking. While, inconsistency in volumes and Negative Divergence in Daily & Weekly RSI are still points of concern that suggest Risk Management instead of getting overexposed. Support is now tilted up at 74,120 with expected bottom at 73,600.
The Session Wrap Up!!! Raging Bulls Kept Excitement In Tact – Index Soared To New All Time Highs With Massive Score Of 732 Points..... The aggressive bulls remained strong on the charts, as index posted a new all time high to close the session with a massive score of 732 Points. During the session, the trend remained unchanged where index once again started the session with an upper gap and without filling that gap it posted a new all time high of 74,575 before ending the day at 74,531 with a massive score of 732 Points. Volumes from KSE-100 Index Stocks clocked at a total of 257.36 Million, which is down by 16.7% from previous session and indicates that aggressive buyers took some kind of pause.
Outlook and Expected Levels For The Coming Session (May To May 14, 2024).... The session closing above 73,300 keeps bullish aggression in tact for coming session with 74,160 as first target, followed by 74,500 as expected top for the session. Having said that, the move towards 74,100, the resistance on Weekly and Monthly timeframes, is suggesting that bulls have triggered a Hyper Move, which can result in an equally aggressive selling pressure. While, rising wedge formation since December 2023 highs, along-with Negative Divergence in Daily & Weekly RSI is further suggesting cycle top is on cards. Hence, Risk Management is more important at the current stage. Support is now tilted up at 73,320 with expected bottom at 72,900.
The Session Wrap Up!!! Bulls Continued Exploring Uncharted Territory – Index Reached And Closed The Session At New All Time High Levels...... The bulls continued their exciting journey into uncharted territory, as index soared by 713 Points to end the session at new all time highs. During the session, the index started session with an upper gap and without filling that gap, it achieved a new all time high of 74,114, before ending the day at 73,799 with a massive score of 713 Points. Volumes from KSE-100 Index Stocks clocked at a total of 308.96 Million, which is marginally down by 3% from previous session and indicates that there was no aggressive selling amid intra-day correction from 74,100 zone.
Outlook & Expected Levels For The Coming Week (May 13 To May 17, 2024)...... The weekly closing above 72,800 keeps aggressive bulls in control, with next target zone of 73,410 to 73,670 in sight for coming week, followed by 74,100, where top for the week is expected. Having said that, it is important to note that the index is constantly posting new highs but RSI on both Daily & Weekly timeframes is not moving inline with the price and this concludes that negative divergence is in place. While, rising wedge formation since December 2023 highs, is further suggesting cycle top is on cards. Hence, Risk Management is more important at the current stage. Support for the week is now tilted up at 72,890 – 72,600 range, while expected bottom is at 71,900.
The Weekly Session Wrap Up!!! Bulls Made An Aggressive Comeback – Index Ended The Week With A Gain Of 1183 Points... Despite previous week’s closing as a Hanging Man the bulls did not lose the control, as index closed the week with a massive gain of 1183 Points with spark in volumes. During the week, the index did not just open the week with an upper gap, but without filling the gap it posted a new all time high of 73,449 before ending the week at an all time high of 73,085 with a massive score of 1183 Points. Volumes from KSE-100 Index Stocks clocked at a weekly total of 1.395 Billion, which is up by 44.5% from previous week and indicates that aggressive buyers returned to the field.
Welcome back Memon Sb
Thanks
Market to lead towards 80,000 benchmark
Zalmo silkbank ko bi chala do tumhe Allah ka wasta ha 😔🙏🏻🙏🏻🙏🏻
Make Shaukat Tarin traitor sell his holdings--he owns 12%; Silk Bank will fly after that!
High
dead cat bounce
frad hai
Outlook & Expected Levels For The Coming Week (May 02 2024)..... The session ending as Three Outsides Down formation with a breach of 10-DMA is suggesting that correction is likely to continue. For coming session, the support is seen at 70,780 – 70,600 zone, where short covering cannot be ruled out, given that intra-day indicators are now going into oversold region. However, an hourly closing below 70,400 can aggravate selling and expose 69,880 – 69,800 zone in a speedy manner. Resistance is seen at 71,540 – 71,600 zone, with expected top at 72,100.
The Session Wrap Up!!! Correction Continued For 2nd Consecutive Session – Index Lost 592 Points To End The Session At 7 Days Low.... The corrective pullback continued for 2nd consecutive session, as index lost another 592 Points to end the session at lowest level in 7 days. Since start of the session, the bull were on a backfoot, as despite taking the index to as high as 72,119, they could not keep up with the momentum and index fell to as low as 71,059 before ending the session at 71,102 with a net loss of 592 Points and at the lowest closing in 7 days. Volumes from KSE-100 Index Stocks clocked at a total of 232.91 Million, which is not just down by 17% from previous session but is the lowest intraday total sin April 19 and suggests that aggressive buyers preferred taking sidelines amid corrective pullback.
AoA, Memon sb, we are missing your analysis on KSE 100. It is requested to keep continue your analysis for our learning. Regards
I am traveling till Thursday
 Thank you sir.
Outlook for the Month of May 2024 & Expected Levels:..... First and foremost, the historical data for the month of May is favoring bears, as in the past 12 years, bulls have been victorious 5 times and bears have recorded 7 months in their name. While, from the charts view, despite monthly closing at highest point ever, it is to note that the index did not close above 72,800 which keeps rising wedge and 1.618% based top in tact and indicates that Wave 5 is playing its role. Hence, it is suggested to manage risk. The support for the month is seen at 69,500 – 69,100 range followed by “The Lifeline Between Correction & Bearish Reversal” at 66500 – 65,700 range, noting that a weekly closing below 64,900 can bring aggressive bears to the field with January 2024 low zone of 58,700 on cards. The resistance is seen at 73,600 followed by expected top at 74,500.
please help me
Outlook for the Month of May 2024 & Expected Levels:.... First and foremost, the historical data for the month of May is favoring bears, as in the past 12 years, bulls have been victorious 5 times and bears have recorded 7 months in their name. While, from the charts view, despite monthly closing at highest point ever, it is to note that the index did not close above 72,800 which keeps rising wedge and 1.618% based top in tact and indicates that Wave 5 is playing its role. Hence, it is suggested to manage risk. The support for the month is seen at 69,500 – 69,100 range followed by “The Lifeline Between Correction & Bearish Reversal” at 66500 – 65,700 range, noting that a weekly closing below 64,900 can bring aggressive bears to the field with January 2024 low zone of 58,700 on cards. The resistance is seen at 73,600 followed by expected top at 74,500.
Review of the Month of April 2024.... Bulls Scored A Hat-Trick – Index Posted A Gain Of 4097 Points To Close The Month At All Time Highs...... The historical pattern for the month of April played its vital role, as index bulls kept that aggression in tact by recording the third consecutive month in gains. During the month of April, the index witnessed a minor correction till 66,573 and then there was no turning back for the bulls, who took the index to a new all time high at 73,300, before closing the month at 71,102, which is the highest ever monthly closing. Volumes from KSE-100 Index Stocks clocked at a monthly total of 4.384 Billion, which is not just up by 27% from previous month, but is the second highest monthly closing in the year 2024, so far, and indicates fearless moves by aggressive buyers.
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Outlook and Expected Levels For The Coming Week (April 30, 2024)..... Session ending as a Bearish Engulfing with lower volumes is suggesting breather from bulls, but no aggressive selling pressure based exhaustion. However, the concern is that profit taking was witnessed at the point where strong resistance was discussed in the weekly report, which indicates formation of Cycle Top. Hence we reiterate that Risk Management is important at current stage. The resistance for coming session is seen at 72,310 followed by expected top at 72,480. While support is seen at 71,270 followed by expected bottom at 70,700.
The Session Wrap Up!!! Session Witnessed Healthy Profit Taking Based Pullback Amid High Volatility – Index Corrected By 1047 Points.... The bullish momentum stalled at key resistance zone, as index witnessed a pullback by 1047 points to close the session at lowest level in 4 sessions. During the session, the index started on a positive note and posted a high of 73,300 from where healthy profit taking based pullback was witnessed that dragged the index to as lows as 71,602 before closing the day at 71,695 with a net loss of 1047. Volumes from KSE-100 Index Stocks clocked at a total of 281.36 Million, which is down by 8% from previous session and indicates that aggressive buyers took a pause.
how are you
Outlook and Expected Levels For The Coming Week (April 29 To May 03, 2024)..... The weekly closing above 72,190 keeps aggressive bulls in control, with next target zone of 72,820 to 73,270 in sight for coming week. Noting that the said range is seen as cycle top from where healthy profit taking cannot by ruled out. It also important to note that the index is forming a Rising Wedge with Negative Divergence on RSI on both weekly and daily timeframes, which further indicates that bullish momentum is likely to be completed. Hence, Risk Management is more important at the current stage. Support for the week is now tilted up at 72,220 range, while expected bottom is at 71,040.
The Weekly Session Wrap Up!!! Bull Scored A Double Hat-Trick – Index Soared By 1832 Points To Give Highest Ever Weekly Closing.... The raging bulls continued their march on the charts, as index gave the highest ever weekly closing with volumes. During the week, the index fist witnessed a minor corrective pullback to as low as 70,880 and then the bulls took it to as high as 72,862 before ending the week at 72,742 with a massive score of 1832 Points. Volumes from KSE-100 Index Stocks clocked at a weekly total of 1.795 Billion, which is not just up by 3 Times from the previous week but is the second highest weekly total in the calendar year of 2024, so far, suggesting that aggressive buyers made fearless moves.
Outlook and Expected Levels For The Coming Session (April 25, 2024).... Session closing above 71,900 and as a Bullish Engulfing formation is suggesting that aggressive bulls care not losing control. For coming 2 sessions, the range between 72,580 & 72900 is to watch at profit taking area, as not only the Rising Wedge is having its channel top at that range, but the negative divergence in both Weekly & Daily RSI, since December 2023 high and 1.618% Fibonacci Extension from December 2023 high are suggesting cycle top may be coming. Support for the coming session is seen at the range between 71,570, followed by expected bottom at 71,050.
The Weekly Session Wrap Up!!! Bulls Made A Refreshed Comeback – Index Closed Above 72K For The First Time In History.... Despite back to back Long Upper Shadow based closings, the aggressive bulls did not lose control of the trend as index soared by 692 Points to close the session above 72K for the first time in history. During the session, the index did not just start with an upper gap, but without filling that gap it posted a high of 72,414 before closing the day at 72,051 with a massive score of 692 Points. Volumes from KSE-100 Index Stocks clocked at a total of 324.51 Million, which is not just down by 15% from previous session but is that lowest total in last 3 session, indicating that aggressive buyers preferred taking a pause.
Outlook & Expected Levels For The Coming Session (April 24, 2024)..... Back to back sessions with Long Upper Shadows, having higher volumes are suggesting healthy distribution. Having said that, it is too early to conclude that index is reaching its cycle top, as it has already broken out of a strong resistance zone of 70,200. This suggests that right now consolidation phase can be seen, but there is no major threat to the bulls, above 70,200. For the coming session, the expected range is between 71,580 & 70,860, with expected top and bottom at 71,900 & 70500, respectively
Memon sb! I am learning a lot from your reviews and discussions about KSE 100. Whenever, you do not post review of KSE-100, I missed your review a lot. Thank you and keep sharing your discussion for our learnings.  Regards
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