KML – Channel Support Bounce With Upside Continuation SetupKML – Channel Support Bounce With Upside Continuation Setup
KML has successfully bounced from the lower boundary of its rising channel, confirming trend support and maintaining the broader upward structure. The price is now stabilizing above the channel base, keeping momentum tilted toward the upper boundary. As long as KML holds this support zone, the next upside swing targets the mid-to-upper channel region near 19–20, representing a potential +26% move, while downside risk remains limited to approximately –9% toward the channel floor.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any security.
KML
KML - Daily TF, Technical AnalysisKML after the 10/1 split share price dropped from PKR 146.77 to 14.67 and then it continued its price drop due to profit booking. Historically, this SCRIP retraces to 50% Fib level before starting its next run for HH.
At present, the price after retracing to 50% Fib level is almost maintaining 38~42% for the last 2 weeks consolidation. It may take even 1 to 2 weeks for once again going upwards but you never know it may go up even in one day as hidden bullish divergence has been observed on RSI. KVO is below zero level but its signal line (blue) is almost parallel to Klinger oscillator (green), suggesting slow transition but both lines are very close as well, therefore, any good news or bad news will give its immediate results.
For trade consider buying at levels mentioned on the chart.
ABCD harmonic pattern has been plotted to arrive to the TP-4.

