*KSE-100 Index: Strong Reversal, But Bears Still Lurk* 🔹 *Key Levels to Watch:* - *Immediate Support:* 112,525–112,050 (near-term support zone) - *Critical Resistance:* 113,085–113,525 (upside resistance range) - *Next Resistance Target:* 113,740–114,100 (potential breakout zone) - *Extended Downside Targets:* 111,250–110,750 (lower support range) 🔹 *Outlook:* The KSE-100 index ended at 114,330, showing a solid gain of 1,529 points after opening the day with a dip. The index fluctuated between 111,857 and 114,574 points before closing on a positive note. A Bearish Engulfing pattern on the daily chart signals a shift in momentum from bullish to bearish during the uptrend. Price action suggests that the market could face weakness towards the 112,525–112,050 support zone. Bears are expected to stay in control for the short term; however, the 112,050–111,650 range could provide support, where a potential reversal is possible. If the market fails to gain bullish momentum and breaks below 111,650, it could extend its decline to the 111,250–110,750 range. On the upside, the index faces resistance between 113,085–113,525. A breakout above this level could pave the way for a test of 113,740–114,100 and eventually 114,450–114,900. *Bullish Scenario:* A breakout above 113,525 could shift sentiment towards a bullish outlook, targeting 113,740–114,100, and possibly higher. *Bearish Scenario:* Failure to break resistance may trigger renewed selling pressure, testing support levels at 111,650 and potentially leading to further declines toward 111,250–110,750. Traders should remain cautious and favor a sell-on-strength approach until a clear breakout or reversal is confirmed. #azeesecurities #kse100 #marketupdate #stockmarketanalysis #tradingstrategy