$NEPSE closed at 2452 today. It broke through the important support area of 2480 to 2500 and made a low of 2432.
The market tried bouncing back from the lower trend line of the falling channel. If the market doesn't break today's low and closes above 2520 in the coming days, there's a good probability that we'll be heading towards the 2700 to 2760 area.
However, if the market keeps on falling, breaks today's low, and moves further below 2400, it could try to take support around the 2360 to 2380 area. This area becomes a very important support area for the market thereafter.
Disclaimer - It's only for educational purposes. Take your own decision before the trade.
The market tried bouncing back from the lower trend line of the falling channel. If the market doesn't break today's low and closes above 2520 in the coming days, there's a good probability that we'll be heading towards the 2700 to 2760 area.
However, if the market keeps on falling, breaks today's low, and moves further below 2400, it could try to take support around the 2360 to 2380 area. This area becomes a very important support area for the market thereafter.
Disclaimer - It's only for educational purposes. Take your own decision before the trade.