KSE-100 Index Technical OutlookKSE 100 IndexPSX_DLY:KSE100mbaberhanifThe KSE-100 Index has completed a significant recovery from its March-April correction, retracing nearly the entire decline and returning to the 191,000-192,000 resistance zone. This area represents the previous all-time high and is likely to be a decisive level for the market's next major move. Technically, the price action is forming a Cup & Handle continuation pattern. The "cup" has already been completed through the V-shaped recovery, while the index now appears to be entering the handle formation, which typically consists of a healthy short-term pullback before a breakout. A corrective phase toward the 177,000-180,000 region would remain technically constructive, allowing the index to retest the breakout zone and absorb short-term profit booking. As long as the index holds above this support area, the broader bullish structure remains intact. A successful breakout above 191,000 would confirm the continuation pattern and could trigger the next impulsive leg higher. Based on the measured move of the cup formation, the upside projection points toward the 230,000-237,000 zone over the medium term. Key Levels Major Resistance: 191,000 - 192,000 Support Zone: 177,000 - 180,000 Bullish Confirmation: Sustained breakout above 191,000 Medium-Term Target: 230,000 - 237,000 Bottom Line: The long-term trend remains firmly bullish. Any short-term weakness below resistance should be viewed as a healthy retracement (handle formation) rather than a trend reversal. Holding above the 177,000-180,000 support zone keeps the probability high for a breakout toward new all-time highs in the coming months.