KSE-100 INDEX – TECH ANALYSIS | 15M TF | 16 DEC 2025 | By TCAKSE 100 IndexPSX:KSE100THE-CHART-ALCHEMISTKSE-100 INDEX – TECH ANALYSIS | 15M TF | 16 DEC 2025 | By The Chart Alchemist 1. Broader Trend Context The KSE-100 Index remains firmly positioned in a strong bullish trend on the lower timeframe. The current uptrend originated after a decisive rebound from the final major support zone near 160,500 points, which acted as a demand base and triggered sustained upside momentum. Since then, price action has consistently respected higher highs and higher lows, confirming bullish market structure. 2. Current Market Structure At present, the index is consolidating within a trading range, marked with a light purple channel, which reflects healthy price absorption following an impulsive bullish leg. When today’s price action is analyzed in the context of prior sessions, it becomes evident that the index has initiated a corrective phase within the broader bullish channel. This correction is technical and orderly in nature, rather than a sign of trend exhaustion or distribution. 3. Correction Outlook (Expected Two-Legged Move) The ongoing pullback is expected to unfold as a two-legged corrective structure, which is typical after strong bullish expansions. The index is likely to seek stability around a renewed immediate support level at 169,290 points. This level is technically significant and is expected to act as a springboard for the next bullish impulse. A successful hold above this support will reinforce trend continuation dynamics. 4. Upside Projections & Target Zones Upon completion of the corrective phase and confirmation of bullish reversal from support – Intermediate Target – 173,000 points (aligns with the upper boundary of the bullish channel and represents the first meaningful upside objective) Final Target – 177,350 points (A decisive breakout above the intermediate resistance will open the path toward this final bullish projection, which remains the dominant upside objective under the current structure) 5. Market Sentiment & Risk Perspective Overall sentiment for the KSE-100 Index remains decisively bullish. The ongoing correction should be viewed as a normal price digestion process, essential for trend sustainability. Such pullbacks are healthy and necessary in trending markets and do not indicate weakness. There is no technical justification for panic at this stage, as long as price continues to respect the defined support structure. 6. Conclusion Trend – Bullish Current Phase – Healthy correction within an uptrend Key Support – 169,290 points Upside Levels – 173,000 → 177,350 points As long as the index holds above immediate support, bullish continuation remains the dominant scenario, and the broader trend structure stays intact.