Technical analysis of Karachi Stocks
1/18/2012 11:02:51 AM
The technical analysis showed that Halal Stocks KMI-30 share index short term MA (15) is bullish, while intermediate MA (45) and long term MA (100) profiles are bearish.
Resistance around 20,629.91 resulted in a marginal break of 20,319.22 support, could adjust further to 20,124.45 ~ 20,008.53 area. As the short term outlook of the market looks bullish so it is advised to Stay Short.
| Support levels | Resistance levels | Technical Profile (KMI 30) |
| S1: 20,319.22 | R1: 20,629.91 | Short Term (MA-15): Bearish |
| S2: 20,124.45 | R2: 20,745.83 | Mid Term (MA-45): Bearish |
| S3: 20,008.53 | R3: 20,940.61 | Long Term (MA-100): Bearish |
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