KSE 100 Index Technical Analysis (15-minute timeframe)
After completing a short-term uptrend and achieving a high of 131,350, the KSE 100 index went into an intraday pullback, forming a spring pattern (marked on the chart). The pullback ended at 129,960, and the index reversed upwards.
Key Observations:
- Shallow intraday pullback, indicating strong underlying momentum
- Spring pattern formation, suggesting potential for upward continuation
- Reversal from the pullback level, confirming the short-term uptrend
Targets:
- Short-term Target: 132,000
- Midterm Targets: Remain unchanged, with the final target at 138,970 (as highlighted in yesterday's update)
Let's monitor the KSE 100 index's performance and see if it achieves the targets.
After completing a short-term uptrend and achieving a high of 131,350, the KSE 100 index went into an intraday pullback, forming a spring pattern (marked on the chart). The pullback ended at 129,960, and the index reversed upwards.
Key Observations:
- Shallow intraday pullback, indicating strong underlying momentum
- Spring pattern formation, suggesting potential for upward continuation
- Reversal from the pullback level, confirming the short-term uptrend
Targets:
- Short-term Target: 132,000
- Midterm Targets: Remain unchanged, with the final target at 138,970 (as highlighted in yesterday's update)
Let's monitor the KSE 100 index's performance and see if it achieves the targets.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.