*KSE-100 Index: Range-Bound Session Amid Profit-Taking, But Bullish Structure Holds** The KSE-100 Index closed the session at **120,003**, down **463 points**, after a choppy trading day where the benchmark touched a high of **121,745** and a low of **119,770**. Despite the pullback, the index continues to hold key structural levels, maintaining the broader bullish outlook. 📉 Market breadth remained narrow with subdued participation, as total volume stood at **131.9 million shares** with a traded value of **PKR 11.5 billion**. The market appeared to consolidate recent gains amid profit-taking at higher levels. 📈 The technical uptrend remains intact, with the index still trading comfortably above its 9-week SMA (currently at **117,085**) and 30-week SMA (**114,118**) — reflecting sustained medium-term momentum. Near-term range-bound action is likely as the market seeks fresh triggers. 🔑 **Key Technical Levels**: * ✅ **Confirmed Breakout Zone**: *120,000* (psychological and structural support) * 🎯 **Upside Target 1**: *123,800* (127.2% Fibonacci extension) * 🎯 **Upside Target 2**: *128,950* (161.8% Fibonacci extension / long-term resistance) * 📉 **Support Zone**: *119,500–118,300* (short-term pullback cushion) * ⚠️ **Key Risk Level**: *117,000* (bullish invalidation zone) 🧭 **Technical Outlook**: While the index faced intraday pressure, the broader technical posture remains bullish. The RSI is holding above its key support, and the price action remains above long-term moving averages. As long as the KSE-100 maintains levels above **117,000**, dips continue to offer accumulation opportunities. A decisive close above **123,800** would confirm the next leg higher, with sights set on the **128,950** zone.