TECHNICAL ANALYSIS: KSE-100 (PSX) – 20 JULY 2025 KSE 100 IndexPSX:KSE100THE-CHART-ALCHEMISTTECHNICAL ANALYSIS: KSE-100 (PSX) – 20 JULY 2025 The index has completed its spike phase marked in light blue color channel and has transitioned into a channel phase marked with yellow channel. This channel phase signifies deeper pullbacks and slower upward movement. The index recently gave a break of structure at around 137600 and marked a high of 140594. We expect the pullback to continue downwards, potentially retesting the LTF at 137600, before resuming the third leg of this channel phase. The market remains in long, and every dip is considered a buying opportunity.