Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Karachi 100 (KSE)

Karachi
Currency in PKR
Disclaimer
72,744.94
+773.54(+1.07%)
Closed

Karachi 100 Discussions

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
The Weekly Session Wrap Up!!! Bulls Took A Breather Amid Choppy Price Action – Index Ended Flat With A Net Loss Of 47 Points..... After reaching the suggested weekly targets , bulls took a breather as index ended flat after witnessing a roller coaster ride. During the session, the index started on a positive note and reached to as high as 71,846, from where it once again witnessed healthy profit taking that brought it to as low as 71,338 before closing the day at 71,386 with net loss of 47 Points. Volumes from KSE-100 Index Stocks clocked at a total of 383.44 Million, which is not just up by 6% from previous session but is the highest total since January 14 2024 and likewise the previous session, majority of volume was generated at a range between 71,600 & 71,850, suggesting another session with healthy distribution.
wazeer
Outlook & Expected Levels For The Coming Week (April 22 To April 26, 2024).... The weekly closing above 70,650 keeps aggressive bulls in control, as index seems to negating indications of Hyper Move. For the coming week, the index level to watch is 71680, - 71,920, followed by expected top at 72,300. Support for the week is now tilted up at 70,450 – 70,280 range, while expected bottom is at 69,800.
The Weekly Session Wrap Up!!! Bulls Recorded Longest Weekly Winning Streak In The Year 2024 – Index Closed The Week With A Gain Of 595 Points..... The week witnessed a roller coaster ride where index moved within the suggested range, as bulls recorded 6th consecutive week in gains. During the past week, the index tested the suggested resistance zone of 70,950 – 71,200, where profit taking triggered a pullback towards the suggested support range of 69,830 as the low for the week was 69,783, before closing of week at 70909. Volumes from KSE-100 Index Stocks clocked at a weekly total of 1.15 Billion, which is not just up by a whopping 180% from previous week, but is the highest weekly total since January 2024 and indicates that aggressive buyers made fearless moves, especially above 70,600.
I am interested join your team
Outlook and Expected Levels For The Coming Session (April 19, 2024)..... The choppy price action and rangebound trading pattern is likely to continue. Most importantly, the coming session is going to be the end of week session and current candlestick formation is suggesting an Advanced Bearish Deliberation Block, which acknowledges that bulls had triggered a Hyper Move in the current week when it reached 70,950. Hence, we still suggest that it is better to avoid getting overexposed. Resistance for the session is seen at 70,570, followed by 70,750, where top for the day is likely. Support is seen at 70,000 – 69,980 range, with expected bottom at 69,450.
The Session Wrap Up!!! Hat-Trick For Bears – Index Witnessed 3rd Consecutive Loss Amid Choppy Price Action..... The previous session’s Doji based closing kept index under choppy and indecisive price action, as index witnessed 3rd consecutive session of loss amid choppy price ride. During the session, the index started higher and posted a high of 70,645 but could not surpass our suggested top for the day at 70,660, and then fell to as low as 69,783 before ending the day at 70,290 with a net loss of 43 Points. Volumes from KSE-100 Index Stocks clocked at a total of 237.69 Million, which is up by 7.1% from previous session and indicates that some accumulation was carried out at lower region.
This is super hot now. From previous ATH during NS government to low during IK, KSE has not hit 1.618 fib. Monthly RSI is 82+. I was expecting the correction from 1.382 fib but bulls were supercharged! Hopefully the correction comes now for fresh buying to take place. Technical indicators still show a possible touchdown to 50k/49k before the next leg up. Sounds implausible?! Yes it does. But it should not surprise. I have cashed out all my holdings and waiting for correction to enter again. Next leg up should take KSE above 100k (2.0 fib). It may take 2-3 years...but that destination will come.
You have said when it was around 70k+ and now reiterate. I never found you wrong even when market was going toward 28k. But this time a little bit miss shot but I still believe in you
Outlook and Expected Levels For The Coming Session (April 18, 2024).... Session ending as a Doji is suggesting that index is likely to enter a choppy and range bound price action. While, below 70,600 the bulls are seen getting on backfoot. Support for the coming session is seen at 70,090, while breach of 69,900 can be a trigger to aggravate selling and expose 69,500. Resistance for day is at 70,460 followed by expected top at 70,660.
The Session Wrap Up!!! Correction Continued For 2nd Consecutive Session – Index Ended At A Loss Of 150 Points Amid Choppy Price Action...... The previous session’s Shooting Star based closing kept correction in tact, as amid choppy price action the index posted a loss of 150 Points. During the session, the index started lower at 70,037 and then bounced to as high as 70,725 from where selling pressure was triggered once again, causing the end of session at 70,333 with a net loss of 150 Points. Volumes from KSE-100 Index Stocks clocked at a total of 221.82 Million, which despite being up by 1% from previous session is not suggesting accumulation during negativity, as majority of volume was generated when index faced resistance at 70,700 region, suggesting selling on higher level.
Outlook and Expected Levels For The Coming Session (April 17, 2024).... Session ending as a Shooting Star and Advanced Bearish Deliberation Block formation is signaling that the suggested resistance / congestion zone of 1000 points between 70950 & 71950 is playing its vital role. Nevertheless, the index is in the grip and control of aggressive bulls, as log as it stays above 69930 – 69780 range where first support for the day is seen. However, any hourly closing below 69,700 can convert profit taking into aggressive selling that can expose the index to 69,300 followed by 68800 is a speedy manner. We repeated that index is in 2nd Resistance on Monthly Charts, with extremely overheated RSI, signaling a Hyper Move from bulls that can trigger aggressive profit taking based corrective pullback anytime. Hence, it is better avoid getting overexposed. Resistance for day is at 70,950 followed by 71,070 where top for the day is expected.
The Session Wrap Up!!! Bullish Momentum Stalled After 6 Consecutive Sessions of Gains – Index Witnessed A Pullback By 60 Points.... The bulls took a breather at psychological area of 71K, as index witnessed a minor pullback by 60 points. During the session, the session, the index started on a positive note and reached to as high as 71,092, where the suggested top for the day at 71070 restricted the gains and pushed the index into negative territory to witness a low of 70,405 before closing the day at 40,748 with a net loss of 60 Points. Volumes from KSE-100 Index Stocks clocked at a total of 219.85 Million which is down by 14% from previous session and indicates that buyers did not take bigger moves during corrective pullback.
Outlook and Expected Levels For The Coming Session (April 16, 2024)..... Index holding above 70,300 is aggressively bullish. Having said that, it is more important to note that it is in 2nd Resistance on Monthly Charts, with RSI in extremely overheated levels, signaling a Hyper Move from bulls that can trigger aggressive profit taking based corrective pullback anytime. Hence, it is better avoid getting overexposed. Resistance for day is at 70,950 followed by 71,070 where top for the day is expected. While support comes at 69,930 with expected bottom at 69,780
The Session Wrap Up!!! Bulls Remain Steady On Charts – Index Gained 229 Points Amid A Choppy Session..... The bulls remained steady on charts, as index ended the session with a net gain of 229 after a roller coaster ride and choppy price action. During the session, the index started lower to test support zone of 69,914 from where bulls made a move and took the index to as high as 70,608 before ending the day at 70,544 with a net gain of 229 Points. Volumes from KSE-100 Index Stocks clocked at a total of 255.76 Million, which is up by 16% from previous session and indicates aggression from buyers, especially at lower levels as majority of volume in the session was generated when index was at or near session lows, suggesting buying on dips.
10
Outlook and Expected Levels For The Coming Week (April 15 To April 19, 2024)..... The weekly closing as Three White Soldiers formation is likely to keep the bullish aggression in tact in coming week. However, index moving into Monthly Resistance Level 2 with volumes dropping is signaling Hyper Move from bulls that can trigger aggressive profit taking based corrective pullback anytime. Hence, it is better avoid getting overexposed. Resistance for the week is seen at 70,950, followed by expected top at 71,650 – 71900. Support is seen at 69,830 – 69,300 zone, with expected bottom at 68,200.
The Weekly Session Wrap Up!!! Bulls Continued Their Journey To Unchartered Territory – Index Gained By 1897 Points With Another ATH Based Closing.... The aggressive bulls kept their control over trend, as index continued its journey into the uncharted territory with yet another all time high closing. During the week, the index witnessed an upper gapped opening and without going filling that gap it posted a new al time high of 70,677 before closing the week at 70,314 with a massive score of 1897 Points. Volumes from KSE-100 Index Stocks clocked at a weekly total of 408.15 Million, which is not just down by 20% from previous week but is the lowest weekly total since September 2023 and indicates aggressive buyers were not active despite index moving into all time highs.
Extremely overbought now on all timeframes. Monthly RSI at 82. Correction is overdue--need some trigger.
Outlook and Expected Levels For The Coming Session (April 04, 2024)..... The closing as Morning Star with higher volumes, is favoring continuation of aggressive momentum, as index has already achieved the required breakout above 67,150 for next strong bull-run. For the coming session, the index bulls are likely to taken on 68,180, while stronghold above 68,350 will be calling 68,700 where top for the day can be seen. The support for coming session is seen at 67,480, with expected bottom at 67,150
The Session Wrap Up!!! Bulls Entered Unchartered Territory – Index Gained By 869 Points To End The Session At New All Time Highs.... Supported by previous session’s Bullish Doji Star with improved volumes, the aggressive bulls remained in control of the trend as index reached new all time high. During the session, the index started with an upper gap and without filling that gap, it posted a new all time high of 67,873 before ending the session at 67,756 with a massive gain of 869 Points. Volumes from KSE-100 Index Stocks clocked at a total of 140.99 Million, which is not just up by 48.6% from previous session but is the highest total in last 3 sessions and since the session ended as a Morning Star formation, this indicates that aggressive buyers were active.
Outlook and Expected Levels For The Coming Session (April 03, 2024).... The closing as Bullish Doji Star with improved volumes is suggesting exhaustion from bears and gives upper hand to bulls, who need to break 67,150 with aggressive bullish candle and higher volumes, for continuation of uptrend. However, failure can put index in consolidation for sometime. For the coming session, the index has resistance at 66,950 – 66,980 range, with expected top at 67,150 – 67,180 range. The support for coming session is seen at 66,670, with expected bottom at 66,200
The Session Wrap Up!!! Bulls Made A Comeback After 2 Sessions Of Breather – Index Gained 89 Points Amid Improved Volumes.... A roller coaster ride was witnessed, as index bulls made a comeback after a breather of 2 sessions. During the session, the index started lower to witness a low of 66573 from where bulls staged a comeback to pulled the index into positive territory where it posted a high of 66,959 before ending the day at 66,886 with a net gain of 89 Points. Volumes from KSE-100 Index Stocks clocked at a total of 94.86 Million, which is up by 19% from previous session and since the session ended as a Bullish Doji Star, this increase indicates accumulation at lower level.
...
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.