$NEPSE closed at 2415 for this week. It took support around the important 2360 area and bounced back. But we still need to wait to confirm if this is actually a bounce back. How do we do this? We wait for further candles.

If the market can protect the low that NEPSE made yesterday i.e. 2366, there is a good chance we will be heading towards 2700. I'm still waiting for the market to close above 2520 to take larger buys. Until then, I will take partial buys with 2366 as my stop loss.

Happy New Year 2079 to everyone. I'm hoping for NEPSE to make a higher high and see it go above 3227 this year. Patience is the key.

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

$NEPSE closed at 2898 today. The market took resistance from 2981 yesterday and is moving in the direction as expected. We need to see if the market can take support somewhere between 2840 to 2880 area. If not, it could take support around 2800. Our next target if the market takes support will be above 3000. (This is my preferred count)

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

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. Edited

$NEPSE closed at 2449 today. It went below the area it needed to protect i.e. 2438 but ultimately gave a close above that level. As of now, I feel there could be three possibilities for the market.

Scenario 1

If the market is able to protect low of today i.e. 2428 forming a good candle on Sunday, we could assume that it was the bottom of the market in this correction. In such a scenario, we can see the market rise from here on in a good way. But for that, the market needs to rise above 2680 and sustain above that area ultimately breaking the previous high.

Scenario 2

If $NEPSE gives a bounce from Sunday onwards to an area somewhere between 2500 to 2550 and starts falling again to break the low of today i.e. 2428, then it is possible that the bottom of this correction has not been formed yet. If the market follows wave A = wave C, we can see it fall to somewhere between 2140 - 2200 area which will become the bottom. If we consider this scenario, there's still room for the market to fall.

Scenario 3

If $NEPSE does not give a bounce from Sunday and continues to fall, we can see the market go and take support at 2369. (Refer to post of December 7)

We have to understand that picking the bottom of the market or correction is a very difficult task for any analyst. It is not impossible though. It depends on whether our analysis method and tools are correct or not. Our analysis adapts as per the market movement and we can never predict anything to be 100%.

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

$NEPSE today = a roller-coaster ride. After a sharp fall in the first hour, breaking the support of 2500, the market made a new short-term low of 2438. But the market recovered to close at 2546 protecting the 2500 area. We saw a good candle formation in the end but can we conclude that the market has reversed? We'll have to wait for the supporting candle to decide. 2680 remains an important area that $NEPSE needs to sustain above as of now. There's a possibility that the market takes resistance from 2570 to 2600. In that case, we might see the market falling again and test the 2369 area. So, a fresh trade position remains risky for now.

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

$NEPSE didn't manage to close above 2615 (wave A = wave C area) and closed below 2600. Wave C (the final fall) looks like an impulse and if wave 1 = wave 5, it's around 2570. If the market bounces from that area on Sunday onwards and manages to close above 2760 in the coming days, that would indicate that the market still has upward momentum. In such a scenario, we could see the market rally to around 3000 area. On the other hand, if the market closes below 2570, there is a possibility for a further fall and the market might come to test 2500. It will be interesting to see if the market respects the channel and gives us a bounce on Sunday. Edited

$NEPSE broke 0.5 fibo level (2680) today but managed to close above it at 2688. If we see a green candle tomorrow, it might indicate a potential reversal. Edited

$NEPSE 2630 to 2680 is an area to watch out for. If the market is able to bounce back from this range, we can see a good rally upwards. An important day ahead! Edited

It will be interesting to see if $HYDPOWIND gives continuation and goes to chase higher targets after the breakout of 3089 or it breaks the trend line and seeks some correction. Seems like an important day or two for the hydropower sector. Thoughts? @Trade_wid_ART Edited

Attractive targets for $SJCL if we can maintain a strict discipline with stop loss. Edited

If the market doesn't break below 1800, $AHPC could be a good buy. The higher target is 370 to 380 but looking at a lower target of 315 to 335 for now.

$NEPSE closed at 1845 yesterday. It has still failed to break below 1800 after multiple tries. We have seen multiple bounces around this area and maybe the market is creating strong support. A break below 1800 opens up the possibility of 1660 which I have mentioned as an alternative for a long time. NEPSE needs to break above 2000 to continue higher.

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

$NEPSE closed at 1989 today. As mentioned previously, looks like we are heading towards 1900 where the market could look to take support. The market has failed to show any signs of upward movement as of now.

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

$NEPSE closed at 2010 today. If we see more selling pressure tomorrow, we might be heading towards 1900. 👀

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

$NEPSE closed at 2062 today. It closed below the trendline support and now it seems it will be heading towards the 2000 levels. If we don't take support there, the next destination could be around 1900. The immediate resistance is around 2100.

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

$NEPSE closed at 2113 this week. The market took resistance as expected and is now close to the trend line support and also the previous resistance around 2100 which could act as support. As long as the trend line holds, we can expect the uptrend to continue.

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

$NEPSE closed at 2195 today. After a long wait, the market finally closed above 2150. We saw a good rise in the banking and insurance sub-index today.

In the past couple of days, we saw a sectoral shift, and hence, the finance, development, and hydro sub-index didn't increase much today.

In the chart, we can see a trendline that can act as a support and until that holds, we can say the market will be in an uptrend. These are the important levels for the market now:

🔴 Minor Resistance - Around 2210
🔴 Resistance 1️⃣ - 2260 to 2290
🔴 Resistance 2️⃣ - 2360 to 2380
🟢 Support - Around 2100

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

$NEPSE closed at 2111 today. It took resistance at 2140 yesterday and made a reversal candle but it could not follow up with a continuation candle. Is the market making a double-top scenario? Only time will tell. I'm waiting for the market to close above 2150 before making a purchase decision.

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

$NEPSE closed at 2132 today. After the monetary policy was announced on Friday, we saw the market increase nicely in the last two days with good volume.

Our immediate resistance is around 2150. We need to see if the market takes resistance around that area which could form a double top pattern. But if NEPSE breaks above that and gives us a closing above 2150, that could present us with a buying opportunity. I'm still in a wait and watch situation for now.

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

$NEPSE closed at 2050 today. The market has broken the resistance trend line but has failed to make an impactful move. I'm waiting to see if we can get a retest that could take the market to somewhere between 1930 to 1980 before making a strong move upwards.

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