Technical analysis of Karachi Stocks
1/19/2012 10:58:39 AM
The technical analysis showed that Halal Stocks KMI-30 share index short term MA (15) and intermediate MA (45) profiles are bullish, while long term MA (100) profile seems bearish.
Resistance around 21,034.47 resulted in a marginal break of 20,661.40 support, could adjust further to 20,415.48~ 20,288.33 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: 20,661.40 | R1: 21,034.47 | Short Term (MA-15): Bullish |
| S2: 20,415.48 | R2: 21,161.63 | Mid Term (MA-45): Bullish |
| S3: 20,288.33 | R3: 21,407.54 | Long Term (MA-100): Bearish |
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