Karachi 100 (KSE)

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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.

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iMemon Apr 24, 2024 9:02AM ET

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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.

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iMemon Apr 23, 2024 8:33AM ET

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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

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Muhammad Murtaza Apr 23, 2024 8:33AM ET

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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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iMemon Apr 23, 2024 8:22AM ET

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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.

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Wazwer Wazeer Apr 22, 2024 2:17AM ET

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wazeer

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iMemon Apr 21, 2024 5:17AM ET

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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.

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iMemon Apr 21, 2024 4:56AM ET

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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.

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Nasir Hussain Apr 19, 2024 9:59AM ET

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I am interested join your team

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iMemon Apr 18, 2024 11:54AM ET

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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.

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iMemon Apr 18, 2024 11:49AM ET

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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.

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