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
72,086.02
+726.62(+1.02%)
Closed

Karachi 100 Discussions

Outlook & Expected Levels For The Coming Session (November 23, 2023).... The bulls have broken consolidation phase and are now aiming for the eventual level in the current cycle, i.e. 58,670 – 59,050 range and this is where healthy profit taking as well as some fresh selling orders are likely to be seen. While on the downside, support is seen at the range of 57,700 – 57,200. We reiterate that Trailing The Stop-losses, Instead Of Just Getting Carried Away, Is Highly Important.
The Session Wrap Up!!! Aggressively Crazy Bulls Broke The Consolidation Pattern – Index Achieved A New Milestone Of 58K..... The aggressively crazy bulls broke above consolidation, as index achieved another milestone by closing the session above 58K for the first time and created history. During the session, the index had yet another gapped opening and then without going into negative territory it marched to as high as 58,405 before closing the session at 58,198 with a massive gain of 827 Points. Volumes from KSE-100 Index Stocks clocked at a total of 256.57 Million, which is not just down by 28% from previous session but is the lowest intra-day total since November 14, 2023 and indicates that despite index crossing 58K mark, buyers did not go for aggressive buying.
Outlook & Expected Levels For The Coming Session (November 21, 2023).... Despite closing of the day above 57,300, the overall structure in suggesting that consolidation is likely to continue within a thin range. The said range is likely to have support at 57,115, followed by expected bottom for the day at 56,750. While resistance is seen at the range of 57,520 – 57,760. We reiterate that Trailing The Stop-losses, Instead Of Just Getting Carried Away, Is Highly Important.
The Session Wrap Up!!! Bulls Rejected Volatility And Remained Aggressive On Charts – Index Soared By 293 Points.... The trend remained unchanged and this time the bulls rejected volatility and thin by keeping the in green zone throughout the day. During the session, the index started with an upper gap and without going into negative territory it reached to as high as 57,691 before ending the day at 57,371 with a net gain of 293 Points. Volumes from KSE-100 Index Stocks clocked at a total of 355.67 Million, which is up by 13% from previous session and indicates that one sided move encouraged aggressive buyers to make their move.
Mere pyare Allah jee please silkbank ko 5 rs par le jain mera 12 saal ka sabr ka phal de dain please ab
Silkbank kab chale ga 😭
Outlook & Expected Levels For The Coming Session (November 21, 2023).... The session ending with a Doji formation is suggesting that indecisive and volatile price action is likely to continue within a thin range. Since the index has closed with a flat closing, there is no major change in the price range for coming session, with support seen at 56,750 – 56,500 range and resistance coming at 57,520 – 57,760 range. We reiterate that Trailing The Stop-losses, Instead Of Just Getting Carried Away, Is Highly Important.
The Session Wrap Up!!! Amid High Volatility Bulls Remained In Control – Index Closed Flat With A Net Gain Of 14 Points.... The expectedly volatile week started with a highly volatile session, where index remained in a tight range and closed at a flat level. During the session, the index started in negative zone and witnessed a low of 56,738 and then bulls pulled it up to post a high of 57,309 before closing the day at 57,077 with a flat gain of 14 Points. Volumes from KSE-100 Index Stocks clocked at a total of 314.73 Million, which is down by 13.4% from previous session and indicates that aggressive buyers preferred remaining thing on exposures, amid indecisive range.
Mkt if hold 57200 monthly basis next 69300 In Sh Allah
Mkt long term target mkt if hold 57200 next 69300 next 95500 next 134400 In next four years around 2028 In Sh Allah
The coming week is likely to have consolidation, with high volatility in the price action, as last session of the week with higher volumes is an indication of aggressive distribution, amid extremely overheated oscillators. This suggests that there is a need of a healthy correction, in order to avoid bubble formation. Hence trailing the stop-losses, instead of just getting carried away, is highly important. For the coming week, the resistance is seen at the range between 57,990 – 58,050, while support is seen at 56,500 – 55,950 range.
GGGL view?
Outlook & Expected Levels For The Coming Week (November 20 To November 24, 2023) The coming week is likely to have consolidation, with high volatility in the price action, as despite closing the week above 57K, the Dark Cloud Cover based closing in last session of the week with higher volumes is an indication of aggressive distribution, amid extremely overheated oscillators. This suggests that there is a need of a healthy correction, in order to avoid bubble formation. For the coming week, the resistance is seen at the range between 57,990 – 58,050, while support is seen at 56,500 – 55,950 range.
The Weekly Session Wrap Up!!! Bulls Recorded Biggest Weekly Winning Streak Since 2020 – Index Recorded 7th Week Of Gains With 1,671 Points.... The trend remained unchanged for 7th consecutive week, as bulls posted biggest weekly winning streak since the year 2020 with index closing at yet another all time high. During the past week, the index remained under control of aggressive bulls, who did not let it go below previous week’s closing and posted a new all time high of 57,750 before closing the week at 57,063 with a massive score of 1,671 Points. Volumes from KSE-100 Index Stocks clocked at a weekly total of 1.585 Billion, which is not just up by 8% from previous week, but is the highest weekly total since June 2021 and suggests that healthy distribution was carried out to aggressive buyers, as in the last session of the week there was 363 Million of volume, which is 23% of the whole week and that session ended as a Dark Cloud Cover.
Outlook & Expected Levels For The Coming Session (November 17, 2023).... The Bullish Engulfing based closing has negated previous two Doji candles and closing above 57,050 has surpassed weekly top, which now establishes a target range of 57,800 – 58,100 for coming session, followed by the cycle top at 58,900. Having said that, it is important to note that both long and short term indicators are in extremely overheat zone that calls for risk management. Working with trailing stop-losses, instead of just getting carried away, is highly important. Support is seen at the range between 56,960 – 56,500.
Which app ?
Now it will fall. A healthy correction indeed is needed.
The Session Wrap Up!!! Bulls Rejected Intra-day Jitters – Index Soared By 717 Points To Close Above 57K.... Despite intra-day volatility and profit taking based jitters, the bulls remained strong, as index scored 717 Points to close above 57K barrier. During the session the index first witnessed a low of 56,531 from there bulls marched to as high as 57,549 before closing the day just off the highs at 57,397 with a massive score of 717 Points. Volumes from KSE-100 Index Stocks clocked at total of 359.81 Million, which is up by 17% from previous session and is now suggesting aggressive distribution at higher region, as there was a total of 77 Million of volume, or as much as 21% of the day’s total when index was trading above 57,450 and that shows change of hands.
Yes
Outlook & Expected Levels For The Coming Session (November 15, 2023)..... The coming session is likely to be a volatile one and it could be a tug of war between gains and losses, as the session ended with a Doji Candle which suggests that bulls are now in need of a breather amid extremely overheated oscillators and on the other hand, the closing above 56,050 keeps bullish aggression in tact. For the coming session, the resistance is seen at the range of 56,980 – 57,050, while an hourly closing above 57,200 will be paving path for the final target of 58,300 – 58,930 range, where current bullish cycle is likely to be completed and that can trigger a big and healthy correction. Since oscillators on both Daily & Weekly timeframes are at historical highs, trailing stops is the need of the day, to avoid volatility. Support for the coming session is seen at 56,050 – 55,600 range, while an hourly closing below 55,400 can be seen as a trigger to aggravate selling that will be exposing 54,900.
The Session Wrap Up!!! Amid Intra-Day Volatility Bulls Continued Their March On Charts – Index Closed With A Net Gain Of 121 Points..... Despite intra-day jitters, the aggressive and fearless bulls continued marching on the charts, as index kicked off the week with yet another all time high based closing. During the session, the index first reached to as high as 56,873 and then faced healthy profit taking based pullback to witness a low of 56,118, from where bulls took the control once again and closed the session at yet another all time high level of 56,644 with a net gain of 121 Points. Volumes from KSE-100 Index Stocks clocked at total of 255.53 Million, which is not just down by 15% from previous session, but is the lowest total in last three sessions and suggests that there was no aggressive buying interest for second consecutive day.
20
Outlook & Expected Levels For The Coming Session (November 14, 2023).... The session closing above 56,050 establishes next upside target of 56,980 – 57,050 range, while an hourly closing above 57,200 will be paving path for the final target of 58,300 – 58,930 range, where current bullish cycle is likely to be completed and that can trigger a big and healthy correction. Since oscillators on both Daily & Weekly timeframes are at historical highs, trailing stops is the need of the day, to avoid volatility. Support for the coming session is seen at 55,870 – 55,600 range, while an hourly closing below 55,400 can be seen as a trigger to aggravate selling that will be exposing 54,900.
The Session Wrap Up!!! Bullish Aggression Continued – Euphoric Index Soared By 1,132 Points To Close The Session At Yet Another All Time High... The aggressive and fearless bulls continued marching on the charts, as index kicked off the week with yet another all time high based closing. During the session there was no change in the trend and it was yet another gapped up closing where index posted a new all time high of 56,583 before ending the day just off the highs at 56,523 with another mammoth total of 1,132 Points. Volumes from KSE-100 Index Stocks clocked a t total of 300.34 Million, which is down by 19% from previous session and suggests that there was lesser participation in KSE-100 Index Stocks as aggressive buyers moved to side-board stocks.
market has big room to go up
J
The Weekly Session Wrap Up!!! Double Hat-Trick Recorded By The Bulls – Index Soared by 2,268 Points To Close The Week At Record Highs.... There was no change in trend, as the bullish aggression continued for 6th consecutive week where index kept on achieving new milestones everyday. During the past week, the index jumped to as high as 55,506 before ending the week at 55,391 with yet another massive gain of 2,268 and at the ne all time high as well. Volumes from KSE-100 Index Stocks clocked at a weekly total of 1.147 Billion, which is not just up by 9% from previous week, but is the highest weekly total in last 4 weeks and suggests that aggressive buyers made fearless moves.
Outlook & Expected Levels For The Coming Session (November 10, 2023).... Closing above 54,100 is what keeping the bulls in control, as they have rejected the chances of any deeper correction. Having said that, it is important to note that the oscillators are at historical highs, due to risk to reward ratio for fresh longs it quite high. Hence, it is important to keep trailing stops in tact, in order to avoid volatility. The resistance for coming session is seen at the range between 54,450 – 54,530 with expected top at 54,750 – 54,900 range. While support is seen at 53,900 – 53,850 range with expected bottom at 53,350, where stops shall be trailed.
n
...
...
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.