KSE100 Technical Analysis 29-07-2025KSE 100 IndexPSX:KSE100THE-CHART-ALCHEMISTKSE100 Technical Analysis (1H Time Frame) 29-07-2025 The index displayed heavy selling pressure in the last two hours, with big bearish candles. However, it touched a bullish measuring gap at 137600 and showed a small sign of upward reversal. Key Observations - Expected reversal from the current level of 137600 or further down to the secondary support at 137100 (50% Fibonacci retracement level). - Potential upward reversal may face resistance at 138630 (bottom of the bearish IFDZ). - Possible pullback to 138150 before resuming the upward journey. Outlook We remain bullish on the index, considering today's downward movement as a potential spring for renewed upward momentum. The revised immediate target price is 140590.