PSX KSE-100 Index (1-D TF) 4 Possible ScenariosKSE 100 IndexPSX:KSE100THE-CHART-ALCHEMISTTechnical Analysis: PSX KSE-100 Index (1-Day Timeframe) By The Chart Alchemist After achieving a major high near 190,000, the index entered a significant correction, declining to approximately 144,000, where it formed a double bottom structure. This base led to a strong bullish reversal, pushing the index upward to a recent high around 174,500. Currently, the index is in a bearish pullback phase, and the next directional move will depend on key technical levels along with fundamental and geopolitical triggers. --- Key Levels Support Levels: Immediate Support: 160,350 Secondary Support: 158,560 Critical Support: 144,420 Breakdown Target Level (Defined 3 months ago): 118,600 Resistance Levels: Immediate Resistance: 166,330 Secondary Resistance: 177,780 Major Resistance: 180,700 --- Scenario Analysis 🟢 Scenario 1 – Bullish Reversal (Solid Green Zigzag): The most bullish outcome would be the index holding immediate (160,350) or secondary support (158,560) and initiating a sharp upward reversal. In this case, the index is expected to move toward 166,330, followed by 177,780, and potentially test the major resistance at 180,700, reflecting continuation of the broader bullish trend after a healthy pullback. 🟡 Scenario 2 – Deep Pullback then Recovery (Solid Yellow Zigzag): In this scenario, the index breaks below immediate and secondary supports and extends its decline toward the critical support at 144,420. From this zone, a strong rebound may occur, pushing the index back toward the resistance levels, indicating a deeper correction within an overall bullish structure. ⚫ Scenario 3 – Range Formation (Solid Black Zigzag): Here, the index breaks immediate and secondary supports, tests the critical support zone, and then enters a sideways consolidation phase, forming a trading range between 144,420 and 158,560. This reflects market indecision and accumulation before the next major move. 🔴 Scenario 4 – Bearish Breakdown (Solid Red Zigzag): The most bearish outcome would be a decisive breakdown below all support levels, including 144,420, opening downside toward the Breakdown Target Level (118,600) defined earlier. A potential reaction or reversal may occur from that extreme level. --- Conclusion All scenarios remain conditional and will unfold based on price action, macroeconomic developments, and geopolitical factors. Traders should remain level-focused, disciplined, and adaptive, avoiding emotional decisions while managing risk effectively.