What a great rise for $NEPSE today! It closed at 2885 and the index went up by 3.8%. It broke above the falling downward channel and even closed above one of the important areas as mentioned previously i.e. 2880.

What next? The next important area for NEPSE is the 2920 to 2980 area. There is a possibility for profit booking from this range. If the market can close above 2980 (which is also acting as a strong resistance), the next target for the market will be around the 3060 area. Watch out for these levels!

Disclaimer - It's only for educational purposes. Take your own decision before the trade.