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The technical analysis showed that Halal Stocks KMI-30 share index short term MA (15), intermediate MA (45) and long term MA (100) profiles are bearish. Resistance around 19,992.21 resulted in a marginal break of 19,536.44 Support. Could adjust further to 19,281.40 ~ 19,080.67 area.
We view last couple retreats as momentary reaction. As all the profiles are bearish therefore Stay Short!