Can $NEPSE sustain THE LEVEL 3000?? Technically 4 supportive reasons that might halt THE FREE FALL!!!
1. The Benchmark Index has been trading in an upward channel. Lower trendline support around 3000. Could Extend towards 2950s.
2. 3000 Level being the demand zone as per Fibonacci Retracement 50% (3000 area). [50%(3000)-61.8%( 2950)]
3. Everytime when NEPSE corrected, it has tested 50 EMA, took support and again rallied upwards.
4. The PSYCHOLOGICAL SUPPORT LEVEL 3000!!!
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