The Nepal Stock Exchange (NEPSE) continued its bullish trend for the third consecutive day, closing strongly above the 2,700-point mark. Today, NEPSE rose by 26.50 points to settle at 2,722.73, reflecting a 0.98% increase. The total trading volume reached approximately NPR 10.79 billion, which is significantly higher compared to recent days.
Currently, NEPSE is trading above the middle band of the Bollinger Bands. The mid-band (Moving Average) is at 2,669.92 points, while NEPSE closed at 2,722.73, indicating strong buying pressure in the market.
The MACD line (6.54) has crossed above the signal line (−4.78), which is considered a bullish crossover. This signals a continued upward trend and suggests that the market may remain positive in the coming days.
The RSI is currently at 55.90, which lies in the neutral zone—neither in the overbought (above 70) nor oversold (below 30) territory. This suggests the market is still in a balanced state, though gradually leaning towards bullish momentum.
Today’s turnover of approximately NPR 11 billion indicates increasing demand and buying interest. This higher volume is a sign of renewed investor confidence in the market.
Technically, the NEPSE index is showing positive signals. Trading above the Bollinger mid-band, the MACD bullish crossover, and a stable RSI all suggest that the market could continue its upward momentum for a few more sessions.
However, investors are advised to make decisions carefully and based on thorough information. Future market direction may still be influenced by policy changes, interest rate movements, and political stability.
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