KSE100 Technical Analysis (1H Time Frame) 29-07-2025
The index displayed heavy selling pressure in the last two hours, with big bearish candles. However, it touched a bullish measuring gap at 137600 and showed a small sign of upward reversal.
Key Observations
- Expected reversal from the current level of 137600 or further down to the secondary support at 137100 (50% Fibonacci retracement level).
- Potential upward reversal may face resistance at 138630 (bottom of the bearish IFDZ).
- Possible pullback to 138150 before resuming the upward journey.
Outlook
We remain bullish on the index, considering today's downward movement as a potential spring for renewed upward momentum. The revised immediate target price is 140590.
The index displayed heavy selling pressure in the last two hours, with big bearish candles. However, it touched a bullish measuring gap at 137600 and showed a small sign of upward reversal.
Key Observations
- Expected reversal from the current level of 137600 or further down to the secondary support at 137100 (50% Fibonacci retracement level).
- Potential upward reversal may face resistance at 138630 (bottom of the bearish IFDZ).
- Possible pullback to 138150 before resuming the upward journey.
Outlook
We remain bullish on the index, considering today's downward movement as a potential spring for renewed upward momentum. The revised immediate target price is 140590.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.