KSE-100 Technical Outlook (2H) By THE CHART ALCHEMSIT 26-07-2026KSE 100 IndexPSX:KSE100THE-CHART-ALCHEMISTKSE-100 Index Technical Outlook (2H TF) By THE CHART ALCHEMSIT 26-07-2026 The KSE-100 Index previously remained in a well-defined uptrend before transitioning into a Wyckoff Re-accumulation phase between 159,000 and 174,000 points. Following a successful breakout above this trading range, the index resumed its primary bullish trend and advanced within a rising price channel, ultimately reaching a high near 188,000 points. The bullish structure was later invalidated when the index broke below the ascending channel, signaling a deterioration in momentum. This breakdown was followed by another Wyckoff Re-accumulation range extending from 173,380 to 178,480 points. Instead of breaking higher, the index decisively broke below this range, confirming a bearish continuation. As per Wyckoff principles, the lower boundary of the broken trading range at 173,380 points has now turned into the immediate resistance, and any recovery below this level should be treated as a corrective pullback rather than a trend reversal. On the 2-hour time frame, market structure remains firmly bearish, with price currently testing an immediate support zone between 168,960 and 170,500 points. While this area may produce a temporary bounce, current price action, momentum characteristics, and market structure suggest that the probability of this support containing the ongoing selling pressure is relatively low. The next significant support is located at 164,460 points, which may attract buying interest. However, based on recent price behavior and quantified displacement targets, the index is expected to extend its decline toward the critical higher-time-frame support zone between 158,340 and 161,200 points. This region is of exceptional technical importance because it will likely determine the broader trend of the KSE-100 Index. A sustained hold and strong bullish reaction from this zone could lay the foundation for another accumulation phase and a potential recovery. Conversely, a decisive breakdown below 158,340 points would invalidate the remaining higher-time-frame bullish structure and confirm a full-fledged bearish trend across both intermediate and higher time frames. Until the index demonstrates a clear bullish reaction supported by improved market structure and price confirmation, the prevailing bias remains bearish. Accordingly, the path of least resistance continues to point lower, with the index expected to extend its decline toward the major support levels, most likely into the 158,340–161,200 critical support zone. Key Technical Levels Level| Range / Price| Technical Significance Immediate Resistance| 173,380| Lower boundary of the broken re-accumulation range Immediate Support| 168,960 – 170,500| First support zone; expected to offer only limited support Major Support| 164,460| Intermediate demand area Critical Higher-Time-Frame Support| 158,340 – 161,200| Trend-defining support zone TECHNICAL BIAS Short-term Trend: Bearish Intermediate Trend: Bearish Higher-Time-Frame Bias: Bullish only while above 158,340; a decisive break below this level would confirm a higher-time-frame bearish reversal. The Chart Alchemist :)