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Karachi 100 (KSE)

Karachi
Currency in PKR
Disclaimer
73,110.65
+452.60(+0.62%)
Closed

Karachi 100 Discussions

Outlook & Expected Levels for the Coming Week (December 28 2020 to January 1, 2021): The week ended with a Hanging Man pattern, which is suggesting that Bulls are still in need of rest. However, if the last session of past week is see, it has drawn a Three Insides Up pattern, which indicates that the fall during past week was good enough to take out the steam and on Daily Timeframe, the Bulls are gearing up for action again. This concludes that the coming week is likely to be choppy and both bulls and bears may struggle to make a trendsetting move now. Hence, Wait & See approach shall be adopted, instead of just getting carried away with the flow.  Support for the week is seen at 43,100 – 42,900 region, followed by firm base at 42,560.   Resistance for the week is seen at 43,880, which expected top for the week is at 44,350.
Kindly suggest about meezan bank.
Your opinion abt TRG ? Hold or sell ???
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