KSE-100 shows Head & Shoulders reversal

MG News | February 18, 2025 at 11:14 AM GMT+05:00

0:00

By Jahangeer Jamil

February 18, 2025: The KSE-100 Index appears to be in a distribution phase, potentially forming a Head & Shoulders bearish reversal pattern.

This pattern would be confirmed upon a break below the neckline at 106,000, triggering an initial downside objective of 95,500.

On a broader horizon, the major support stands at 73,000, which could come into play if selling pressure intensifies.

Risk is defined above 117,341, where a sustained move higher would invalidate the bearish outlook.

Volume and momentum indicators further support the bearish stance, suggesting weakening bullish strength and increasing downside risk.

Traders should monitor price action closely for confirmation of the pattern breakdown.

The writer is Head of DFI Capital Market.

Disclaimer: The views and analysis in this article are the opinions of the author and are for informational purposes only. It is not intended to be financial or investment advice and should not be the basis for making financial decisions.

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Name	Price/Vol	%Chg/NChg
KSE100	163,098.19 607.60M	-0.87% -1432.62
ALLSHR	99,276.25 1,397.26M	-0.80% -801.63
KSE30	50,184.56 221.88M	-0.89% -450.56
KMI30	238,333.52 129.55M	-1.13% -2718.46
KMIALLSHR	65,792.54 685.73M	-0.99% -655.65
BKTi	45,653.52 111.72M	-1.00% -461.31
OGTi	32,313.25 10.70M	-1.57% -516.41

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Name	Last	High/Low	Chg/%Chg
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ROTTERDAM COAL MONTHLY	90.50	0.00 0.00	0.40 0.44%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	59.96	61.67 59.57	-1.55 -2.52%
SUGAR #11 WORLD	16.23	16.35 16.21	-0.03 -0.18%