KSE 100 likely to unleash above current resistance on 1D TF

15 Mar

On 1D TF, KSE 100 is forming a triangle pattern which has already been broken to the upside. Present price levels are also above 21 EMA which is another supporting factor. However, there is one major confirmation still awaited w.r.t breaking of the resistance area (115383.90-116975.30). Seeing the price movement and no opposing indications on RSI, it is expected that breaking above the aforementioned resistance area shall take the market upto 127248.06.

So, my stance will remain bullish above 116975.30.

Good luck.

22 Mar

İşlem aktif

The desired level has been broken.