KSE-100 Index — Technical Update (Daily Chart)KSE 100 IndexPSX_DLY:KSE100Musarrat_karamatKSE-100 Index — Technical Update (Daily Chart) The benchmark KSE-100 closed at 171,943.60, down 698.56 points (-0.40%) on the session, after trading in a range between 171,801.67 and 173,174.19. Structure Since bottoming near 148,000 in March 2026, the index has been advancing within a well-defined ascending channel, with each higher high and higher low respecting the channel's upper and lower boundaries. The current price action has now brought the index back down to test the lower boundary of this channel — a zone that also coincides with a horizontal support/resistance shelf around 168,000–172,000, which acted as resistance in October and December 2025 before flipping into support territory once broken to the upside in February 2026. This confluence — trendline support meeting horizontal support — makes the current zone a decision point for the next directional move. Key Levels Immediate support: 169,600–169,402 (channel base / horizontal shelf) Resistance on recovery: prior swing highs near 184,000–188,000 Scenarios Bullish case: If the index holds the current support confluence, a rebound back toward the mid-channel and eventually the upper boundary would confirm the uptrend remains intact, keeping the broader bullish structure in play. Bearish case: A confirmed break below the channel and the 171,800 shelf would open the door to a deeper pullback toward 169,600–169,402, where buyers would need to step back in to defend the broader trend. Bias: Neutral-to-bullish while support holds; a decisive close below the channel would shift the near-term bias to corrective.