What a day for $NEPSE! The market closed at 2418 (a whooping 6% rise after so long) giving relief and happiness to the participants. But can we say that yesterday was the bottom of the market? It is too early. We still need $NEPSE to cross above 2670 and sustain above it.
The area of resistance is very near at 2500 to 2550 area and it will be interesting to see if the market can break through this. If it fails, we could see the market fall again to 2140 to 2200 area which still remains the possible retracement area. For now, we should try to avoid FOMO buy and instead enter only at confirmation.
Disclaimer - It's only for education purposes. Take your own decision before the trade.
The area of resistance is very near at 2500 to 2550 area and it will be interesting to see if the market can break through this. If it fails, we could see the market fall again to 2140 to 2200 area which still remains the possible retracement area. For now, we should try to avoid FOMO buy and instead enter only at confirmation.
Disclaimer - It's only for education purposes. Take your own decision before the trade.