23/07/2026
Daily Technical Outlook – Trading Signals
23 July 2026
www.tradeflowsignals.com
KSE-100 – 55-EMA Violation – Stay Alert
Daily Chart:
Indicators are turning weak
Weekly Chart:
Holding above 21-EMA
Monthly Chart:
Three White Soldiers, the pattern remains bullish
Bears retained control as the KSE-100 Index remained under pressure, extending its decline below the 55-EMA. Selling pressure persisted throughout the session amid cautious investor sentiment and subdued market participation.
The technical structure has weakened following the 55-EMA violation, keeping downside risks elevated. Immediate support is seen around 171,900–172,250, while a decisive break below this range could trigger further weakness towards 167,500–168,500. On the upside, the 55-EMA near 174,830 now acts as the first resistance, with a sustained recovery above this level required to improve the short-term outlook towards the 21-EMA at 177,825.
The market continues to form lower highs and lower lows, while momentum indicators including RSI and MACD remain in bearish territory. Investors are advised to stay cautious, preserve cash, avoid aggressive buying, and wait for confirmation before building fresh positions. Only selective accumulation in fundamentally strong stocks is recommended on meaningful dips.
— TradeFlow Advisors