$NEPSE closed at 2065 today. Its falling momentum hasn't stopped and has kept breaking all the supports. I'm looking for the market to break above the falling channel (as shown in the chart) to buy in volume.
I'm not trying to pick the bottom of this fall but am expecting it to be somewhere around the 1940 to 2000 level. My strategy is to enter into buys partially in this area with a stop loss at around 1860.
Disclaimer - It's only for educational purposes. Take your own decision before the trade.
I'm not trying to pick the bottom of this fall but am expecting it to be somewhere around the 1940 to 2000 level. My strategy is to enter into buys partially in this area with a stop loss at around 1860.
Disclaimer - It's only for educational purposes. Take your own decision before the trade.
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Fibo analysis in monthly time frame