The KSE 100 Index has shown a significant pattern with a double top formation at the 48,976 level, which now serves as a major resistance point for the index. If this level is breached due to high trading volume, the index may then target its next resistance level at 53,127. On the downside, the first support level is situated at 46,590, while the second support level is at 45,771.
Moreover, it is worth noting that the Relative Strength Index (RSI) has crossed the 64 level, indicating potential bullish momentum, while the Moving Average Convergence Divergence (MACD) suggests a bearish trend when analyzed on a weekly time frame.
Moreover, it is worth noting that the Relative Strength Index (RSI) has crossed the 64 level, indicating potential bullish momentum, while the Moving Average Convergence Divergence (MACD) suggests a bearish trend when analyzed on a weekly time frame.