*AKD Daily Technical - Feb 24, 2025* *KSE-100: A big bearish candle witnessed* Market View — Technical The Index started on a positive note and experienced a bearish trading session, reaching a high of 705 points, a low of 938pts before settling at 112,801, losing 938 points. Trading volumes declined by 57% compared to the previous session. The local bourse closed below the upper band by 44.9%. Bollinger Bands are 40.79% narrower than normal. The narrow width of the bands suggests low volatility as compared to the normal range of the Index. Therefore, the probability of volatility increasing with a sharp move has increased for the near-term. On the technical chart, key support is located near 112,500, and a break below this level could trigger further declines toward 111,800 and 111,300. On the upside, initial resistance is seen at 113,500, with further targets at 114,000 and 114,500. It is recommended to accumulate positions near support levels while defining risks below the support zone. https://research.akdsl.com/AKD_Technical_Daily_Feb_24_2025.pdf *Regards* *AKD Research*