KSE-100: Rejection From Resistance, Sideways Phase LikelyKSE 100 IndexPSX_DLY:KSE100JustTechnicalsTaking lead from our previous analysis, KSE-100 reacted exactly from the highlighted resistance zone near the previous major level. The index has started a corrective move after testing that area. The broader bullish trend remains intact, but multi-timeframe analysis suggests that the market may still need more time before moving aggressively toward final upside targets. Trend Hierarchy Secular Trend: Bullish Intermediate Trend: Bullish Short-Term Trend: Corrective / Sideways Market Structure The rejection from the resistance zone does not invalidate the bull market structure. However, it does show that the index is not yet ready for a clean breakout toward new highs. In the coming sessions, the market may remain choppy, with profit booking and selling pressure followed by quick recoveries. Outlook The likely scenario is sideways movement in the near term. Instead of a broad aggressive rally, stock-specific rotation may continue. Some stocks may perform for a few sessions, then money may rotate into other sectors or names. Strategy The stance remains constructive but selective. Avoid chasing extended stocks. Focus on rotation, dips, and stronger individual setups. Stance ➡️ Long-Term Trend: Bullish ➡️ Rejection From Mentioned Resistance ➡️ Short-Term Correction Started ➡️ Sideways / Choppy Market Likely ➡️ Stock Rotation Expected ➡️ Strategy: Stay Selective, Avoid Chasing Price tells the story. For short updates: X @JustTechnicals_