KSE-100 Index – Weekly OutlookKSE 100 IndexPSX_DLY:KSE100JustTechnicalsTaking lead from our previous analysis, the KSE-100 continues to behave largely in line with our expectations. The broader bull market remains intact, while the index continues to consolidate after a strong recovery from the March lows. This consolidation is viewed as a healthy process of fuel building rather than distribution. Trend Hierarchy Secular Trend: Bullish Intermediate Trend: Bullish Short-Term Trend: Bullish to Neutral Technical Structure The daily chart suggests that the index is preparing for a breakout from its current range. Momentum has improved, buyers continue to defend higher levels, and the structure remains constructive. However, the higher time frame charts still indicate the need for further consolidation before a sustained multi-month rally can begin. This implies that while an immediate short-term advance is likely, the broader market may still require additional time correction before challenging and decisively breaking major historical resistance. Outlook Our preferred scenario is a 1–2 week relief rally from current levels. The upside is expected to remain capped near the 189k–190k zone, just below the all-time high region of 191k. At present, we do not believe the index is ready to decisively break above its all-time high. Such a move would require stronger momentum and a more mature consolidation phase than what is currently visible. Therefore, while the primary trend remains bullish, investors should remain tactical and avoid chasing prices near major resistance. As highlighted in our previous reports, we expected June to close in green, and the market continues to materialize that view. Strategy Maintain a long-term bullish stance. Continue holding fundamentally strong positions. Selective buying may continue on pullbacks. If the index approaches the 189k–191k resistance zone, consider booking partial profits and reducing extended positions. Fresh aggressive buying should preferably be reserved for either a successful breakout above ATH or another consolidation phase. Stance ➡️ Secular Trend: Bullish ➡️ Intermediate Trend: Bullish ➡️ Short-Term Trend: Bullish to Neutral ➡️ Daily Structure Supports a 1–2 Week Rally ➡️ Higher Time Frames Still Require Consolidation ➡️ 189k–190k Expected as Near-Term Resistance ➡️ ATH Around 191k May Not Be Broken Easily ➡️ Maintain Long Positions and Book Partial Profits Near Major Resistance