$NEPSE closed at 2281 today making a low of 2259. I still believe that the market could retrace somewhere between 2140 to 2200 area. If we assume that the current fall is the 5th wave extension, then the target seems to be 2151. If it goes below 2140, we might see the market retrace 0.618 (the golden ratio) which is around 1942. As of now, 2369 is an important area above which market needs to sustain.
Disclaimer - It's only for education purposes. Take your own decision before the trade.
Disclaimer - It's only for education purposes. Take your own decision before the trade.
Market cahi ekdum nai jharyo yespali hai sir...
Yes, 0.382 fibo (2430) samma matra aaucha hola bhanera expectations thyo. But in the end, market is king and it does what it wants. Aja ramro bounce aako chha but 2500 to 2550 could be an area of resistance for now.
2200 ta ek choti chuncha hola jasto cha malai pani given the current scenario.. every body is expecting that fall...