From TradingView · · 50s
KSE-100 Correction Deepens
KSE-100 correction deepens as 154K, 144K buying zone emerges for PSX:KSE100.
In brief
KSE-100 correction deepens as 154K, 144K buying zone emerges for PSX:KSE100. KSE-100 correction continues with 154K, 144K as preferred accumulation zone. Originally reported by TradingView.
KSE-100 Correction Deepens
KSE-100 index continues moving lower under significant corrective pressure.
Current Support Level
Index approaches lower boundary of consolidation near 161k.
Preferred Accumulation Zone
154k, 144k region identified as major accumulation area for potential buying.
145K Critical Level
145k region represents previous major corrective bottom for potential accumulation.
Momentum Context
Daily RSI near oversold boundary at 30 with potential for relief bounces.
Fundamental Risks
Current account deficit widened to $356 million in september with rising oil prices.
SBP Policy Rate
SBP policy rate stands at 11.5% with next meeting scheduled for october 26.
The main idea
KSE-100 correction continues with 154K, 144K as preferred accumulation zone.
