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Karachi 100 (KSE)

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

Karachi 100 Discussions

The Session Wrap Up!!! Breather Helped Bulls To Recharge For Another Exciting Session – Index Closed The Session With A Gain Of 525 Points.... Previous session’s breather helped the aggressive bulls n making a refreshed move, as index achieved another milestone by closing the session above 54K. During the session, the index witnessed a low of 53,720 and then posted a high of 54,419 before closing the day at 54,261 with a massive gain of 525 Points. Volumes from KSE-100 Index Stocks clocked at a total of 259.13 Million, which is up by 5.2% from previous session and this time  suggests some healthy distribution at higher region, as 54 Million or as much as 21% of the day’s total was generated in the hour when index reached 54,400 region, while session ended at 54,261.
humnl towards 11
humnl starts now it will rally towards 9_11_13 in 3_6 months
Outlook & Expected Levels For The Coming Session (November 8, 2023)....  Rejection from Weekly Target and session ending with a Shooting Star is not a good omen for the bulls, as it indicates exhaustion amid extremely overheated oscillators. For the coming session, the support for index is seen at 53,300 – 53,130 range, followed by 52,900, where stops shall be trailed, as breach of this can expose 51,950. On the upside, the resistance is seen at the range between 54,050 – 54,450, with expected top at 54,750 – 54,900 range.
The Session Wrap Up!!! Bulls Took A Breather After A Massive Rally – Index Ended The Session With A Pullback By 124 Points.... The aggressive rally took a pause, as bulls took a breather after reaching Weekly Targets. During the session the index posted a high of 54,312 from where it witnessed profit taking based pullback till 53,711 before closing the session just off the lows at 53,735 with a correction of 124 Points, the first loss in 7 sessions. Volumes from KSE-100 Index Stocks clocked at a total of 246.16 Million, which is down by 9% from previous session and suggests that aggressive buyers took a pause during correction.
Outlook & Expected Levels For The Coming Session (November 7, 2023).... The closing above 53,750 is keeping fearlessly aggressive bulls on front foot with 54,050 – 54,450 range as first target, followed by 54,750 – 54,900 range where top for the week is expected. On the downside, the support is now tilted up to 53,380, followed by 52,900, where stops shall be trailed to avoid volatility, as breach of this level can aggravate selling and expose 51,950.
The Session Wrap Up!!! The Mighty & Fearless Bulls Kept Excitement In Tact – Index Recorded Double Hat-Trick With A Massive Gain Of 737 Points..... The aggressive and fearless bulls kicked off the week in gains, as index recorded yet another massive rally of 737 Points. During the session, the index started with an upper gap and reached to as high as 53,944 before ending the session at 53,866 with a massive gain of 737 Points. Volumes from KSE-100 Index Stocks clocked at a total of 269 Million, which is up by 25% from previous session and suggests aggressive buying interest.
oGRA
Adeel
Threat; for long term investment Don't do till the bullish trend ends
Outlook & Expected Levels For The Coming Week (November 06 To November 3 , 2023)... The weekly closing in an uncharted territory keeps aggressive bulls in control for the coming week with 53,730 – 53,950 as first target, followed by 54,400 – 54,650. While expected top for the week is at the range of 54,750 – 54,900. Noting that the extremely overheated conditions call for a breather, to avoid bubble formation. Hence it is important to keep trailing the stop-losses. On The Downside…. The support for week is seen at 52,300 – 52,150 range, with expected bottom at 51,600 – 51,450 zone, noting that breach of this range can aggravate selling till 50,800 – 50,650 range.
The Weekly Session Wrap Up!!! The Mighty Bulls Took Index To New All Time Highs – Index Recorded 5th Consecutive Weekly Gain With 2,179 Points.... The bulls rejected negative divergences as well as the Advanced Bearish Deliberation Block formation, as index recorded new all time highs and ended the week with a massive gain of 2,179 Points. During the week, the index witnessed a low of 50,971 and the posted a new all time high of 53,263 before ending the week at 53,123 which is a new all time high closing. Volumes from KSE-100 Index Stocks clocked at a weekly total of 1.047 Billion, which is up by 16% from previous week and suggests aggressive participation from buyers.
indax mover can remove there invest men after achiving there target
Aslamu alaikum jnab
walaikum salam
dubi
Outlook & Expected Levels For The Coming Session (November 03, 2023)... The index has attempted to surpass the strong resistance zone, lying at 52,480 & 52,580. Having said that, it s important to note that the coming session is going to be the weekend session and in order to avoid the fake breakout and trigger the next stage of rally towards 52,950 and eventually to all time high of 53,130, index needs to close the week above 52,750. On The Downside…. The support is now tilted up to 52,250, followed by 51,950. However, breach of 51,650 can change the trend on short term. Since oscillators on both Daily & Weekly timeframes are extremely overheated, we suggest keep stops to secure positions from volatility. The ideal stop-loss shall be at 51,650.
Outlook & Expected Levels For The Coming Session (November 03, 2023)..... The index has attempted to surpass the strong resistance zone, lying at 52,480 & 52,580. Having said that, it s important to note that the coming session is going to be the weekend session and in order to avoid the fake breakout and trigger the next stage of rally towards 52,950 and eventually to all time high of 53,130, index needs to close the week above 52,750. On The Downside…. The support is now tilted up to 52,250, followed by 51,950. However, breach of 51,650 can change the trend on short term. Since oscillators on both Daily & Weekly timeframes are extremely overheated, we suggest keep stops to secure positions from volatility. The ideal stop-loss shall be at 51,650.
The Session Wrap Up!!! The Bulls Remained Firm Despite Intra-Day Jitters – Index Closed The Session With A Gain Of 314 Points..... The mighty bulls remained firmly in control of  the trend, as despite profit taking based intra-day turbulence the gave yet another excitement based closing by a gain of 314 Points. During the session, the index first posted a high of 52,678 and then faced profit taking based pullback to witness a low of 52,239 from where the bulls pushed it up to as high as 52,705 before ending the day at 52,656. Volumes from KSE-100 Index Stocks clocked at a total of 182.99 Million, which is down by 29% from previous session and is suggesting that aggressive buyers too a breather, while profit taking was carried out at higher prices.
Outlook & Expected Levels For The Coming Session (November 02, 2023).... The view of trend is unchanged, as the range of 52,480 & 52,580 has potential to paise the current rally and trigger healthy profit taking, as 1.618% extension of the Fibonacci between August 2023 high and September 2023 low is lying at that range. If not, be ready for 52,780 – 52,950 range. On The Downside…. The support is now tilted up to 51,900, followed by 51,650. However, breach of 51,250 can change the trend on short term. Since oscillators on both Daily & Weekly timeframes are extremely overheated, we suggest keep stops to secure positions from volatility. The ideal stop-loss shall be at 51,250.
The Session Wrap Up!!!  Aggressive Bulls Continued Their March On Charts – Index Soared By 422 Points To Close Above 52K..... There was no change in the trend as bulls kicked off the month with 422 Points to close the session above 52K for the first time since 2017. During the session, the index started with an upper gap above 52K and then reached to as high as 52,451 before closing the day at 52,342 with yet another massive score of 422 Points. Volumes from KSE-100 Index Stocks clocked at a total of 258.25 Million, which is up by 2.3% from previous session and suggests that the aggressive buyers are not scared of taking positions.
Outlook for the Month of November 2023 & Expected Levels:..... First and foremost, the historical data and pattern for the month of November is favoring continuation of bull-run, as in the past 12 years, bulls have won for 8 months, while bears have won just 4 times. While, on the charts, the Morning Star formation along-with volumes at 28 Months High is further strengthening the already aggressive bulls. For the coming month, the index is likely to test 52,360 – 52,580 range, initially where healthy profit taking cannot be ruled out, as index is already in overheated zone on both Daily & Weekly Timeframes. If not, then be ready for the last all time high level of 53,127, followed by new all time high of 53,900. On the Flipside, the index has got support at 50,980 – 50,700. However, breach of this can trigger some aggressive selling that can expose 50,180, initially, followed by 49,450.
Review of the Month of October 2023.... Bulls Recorded Best Monthly Closing In 2 Years – Index Closed With A Massive Gain Of 12.3%... The mighty bulls kept historical trend of October in tact as they ruled the charts and challenged 52K before closing the month with a massive gain of 5,687 Points which is the highest ever monthly points gain for KSE-100 and on percentage terms that recorded a gain by 12.3% which is the highest monthly gain since July 2020. During the month of October, the index, without going into negative territory or even the previous month’s closing level, posted a high of 52,088, before closing the month just off the highs at 51,920. Volumes from KSE-100 Index Stocks clocked at a monthly total of 4.18 Billion which is the highest monthly total since June 2021 and indicates aggressive buying.
Salam to all friends
Outlook & Expected Levels For The Coming Session (October 31, 2023)..... The closing above 51,350 is further strengthening the already strong and aggressive bulls, who can target 51,570 – 51,700 range in the coming session, followed by expected top at 51,850 – 51,950 range. Noting that the chances for the move towards 51,850 – 51,950 range are quite low, as index is already below the rising the trendline on hourly terms which suggests that a healthy correction is on cards. Hence, any upside shall be considered as an opportunity to off-load the positions. On The Downside…. The support is seen at 50,750, followed by 50,500.
The Session Wrap Up!!! Bulls Made A Comeback After 2 Sessions Of Breather – Index Closed The Session With A Gain Of 539 Points.... The index bounced back and triggered excitement, as after a breather of 2 days, the bulls made a comeback and helps the index in closing the session yet another 6 years high. During the session, the index started with an upper gap and remained in the positive territory throughout the day , where it posted a high of 51,501 before closing the session just off the highs at 51,482 with a massive gain of 539 Points. Volumes from KSE-100 Index Stocks clocked a total of 137.43 Million, which is not just down by 23% from previous session but is the lowest total since Oct 9 and suggests that buyers did not take aggressive positions. Moreover, the highest total in the day was generated in last 30 minutes of the session, when index was at its session highs, suggesting that healthy distribution carried out.
Outlook & Expected Levels For The Coming Week (October 30 To November 3 , 2023).... The weekly closing with rejection from 51,550 and as an Advanced Bearish Deliberation Block is suggesting that bulls are getting exhausted and are in a need of a breather. While on Daily Timeframe, the negative divergence on RSI along-with pause in the rally at 1.382% between August 2023 High & September 2023 Low is suggesting that a healthy rally is done already. Hence, it is better to keep stop-loss in tact. The  support for coming week is seen at 50,550 – 50,530 range followed by 50,130. Below 50,100 the selling can be aggressive till 49,650 – 49,150 range. On The Upside…. The resistance is seen 51,400 – 51,550 range, followed by expected top at 51,700 – 51,860 range.
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