**KSE-100 Index: Market Holds Support But Struggles to Build Momentum** 🔹 **Key Levels to Watch:** - **Immediate Support:** 109,847–109,400 (key support zone) - **Critical Resistance:** 113,500 (last weekly candle high) - **Next Resistance Target:** 116,400–118,700 (upside potential) - **Extended Downside Targets:** 105,600 (lower support range) 🔹 **Outlook:** The KSE-100 index closed at 112,800, showing a modest gain of 0.64% for the week. While the index continues to hold the critical support zone between 109,847 and 109,400, it struggles to generate strong upward momentum, remaining below the 113,500 resistance level. Price action remains tight within a narrowing range, indicating consolidation. Weekly volume improved to 1.83 billion shares, suggesting some accumulation. The RSI stands at 68.98, stabilizing above the August low, and retracing from the December peak, indicating a potential pause in the correction. If the index manages a sustained breakout above 113,500 with rising volume, a bullish shift could be expected, with targets toward 116,400–118,700. However, failure to break above resistance could invite renewed selling pressure, testing the support at 109,400–109,800 again, with a breakdown below that range potentially leading to further downside toward 105,600. **Bullish Scenario:** A breakout above 113,500 with increasing volume could shift sentiment towards a bullish outlook, targeting 116,400–118,700. **Bearish Scenario:** Failure to break the resistance may lead to selling pressure, testing 109,400–109,800 again, with further declines toward 105,600. Traders should remain cautious, favoring a sell-on-strength approach until a decisive breakout occurs. #azeesecurities #kse100 #marketupdate #stockmarketanalysis #tradingstrategy