JS Securities Limited – Pakistan Market: Technical Outlook

Karachi, June 25, 2018 (PPI-OT):Upside restricted at the 200-DMA; ‘Sell on Strength’

Bearish movement continued for the KSE-100 index as it closed at 41,637, down 721 points. Volumes stood at 179mn shares versus 242mn shares traded previously. The downside target for the index remains intact at 41,458, followed by 40,360. However, any upside will face resistance at the 200-DMA that is standing at 42,618. Meanwhile, the RSI has moved down and the MACD has generated a Sell signal, supporting a negative view. JS Securities Limited recommends investors to ‘Sell on Strength’, keeping stoploss above the 200-DMA. The support and resistance are at 41,231 and 42,048, respectively.

POL – Slide to continue

Strategy: ‘Sell on Strength’ – targeting Rs611.56; stoploss at Rs665.00.

HBL – Downside target remains intact

Strategy: ‘Sell on Strength’ – targeting Rs155.07 and Rs148.94; stoploss at Rs169.69.

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JS Securities Limited – Pakistan Market: Technical Outlook

Karachi, June 25, 2018 (PPI-OT):Upside restricted at the 200-DMA; ‘Sell on Strength’

Bearish movement continued for the KSE-100 index as it closed at 41,637, down 721 points. Volumes stood at 179mn shares versus 242mn shares traded previously. The downside target for the index remains intact at 41,458, followed by 40,360. However, any upside will face resistance at the 200-DMA that is standing at 42,618. Meanwhile, the RSI has moved down and the MACD has generated a Sell signal, supporting a negative view. JS Securities Limited recommends investors to ‘Sell on Strength’, keeping stoploss above the 200-DMA. The support and resistance are at 41,231 and 42,048, respectively.

POL – Slide to continue

Strategy: ‘Sell on Strength’ – targeting Rs611.56; stoploss at Rs665.00.

HBL – Downside target remains intact

Strategy: ‘Sell on Strength’ – targeting Rs155.07 and Rs148.94; stoploss at Rs169.69.

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JS Securities Limited – Pakistan Market: Technical Outlook

Karachi, June 25, 2018 (PPI-OT):Upside restricted at the 200-DMA; ‘Sell on Strength’

Bearish movement continued for the KSE-100 index as it closed at 41,637, down 721 points. Volumes stood at 179mn shares versus 242mn shares traded previously. The downside target for the index remains intact at 41,458, followed by 40,360. However, any upside will face resistance at the 200-DMA that is standing at 42,618. Meanwhile, the RSI has moved down and the MACD has generated a Sell signal, supporting a negative view. JS Securities Limited recommends investors to ‘Sell on Strength’, keeping stoploss above the 200-DMA. The support and resistance are at 41,231 and 42,048, respectively.

POL – Slide to continue

Strategy: ‘Sell on Strength’ – targeting Rs611.56; stoploss at Rs665.00.

HBL – Downside target remains intact

Strategy: ‘Sell on Strength’ – targeting Rs155.07 and Rs148.94; stoploss at Rs169.69.

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JS Securities Limited – Pakistan Market: Technical Outlook

Karachi, June 25, 2018 (PPI-OT):Upside restricted at the 200-DMA; ‘Sell on Strength’

Bearish movement continued for the KSE-100 index as it closed at 41,637, down 721 points. Volumes stood at 179mn shares versus 242mn shares traded previously. The downside target for the index remains intact at 41,458, followed by 40,360. However, any upside will face resistance at the 200-DMA that is standing at 42,618. Meanwhile, the RSI has moved down and the MACD has generated a Sell signal, supporting a negative view. JS Securities Limited recommends investors to ‘Sell on Strength’, keeping stoploss above the 200-DMA. The support and resistance are at 41,231 and 42,048, respectively.

POL – Slide to continue

Strategy: ‘Sell on Strength’ – targeting Rs611.56; stoploss at Rs665.00.

HBL – Downside target remains intact

Strategy: ‘Sell on Strength’ – targeting Rs155.07 and Rs148.94; stoploss at Rs169.69.

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